Dáil debates
Tuesday, 17 July 2012
Economic Management Council
4:00 pm
Gerry Adams (Louth, Sinn Fein)
Did the Taoiseach deal with the issue of tracker mortgages with the banks?
The European Central Bank cut rates earlier this month but most of the 250,000 variable rate mortgage holders are not expected to benefit from that. AIB, EBS, National Irish Bank, Bank of Ireland, KBC Bank and Irish Nationwide are still considering whether to pass on the latest cut. Did the Taoiseach take the opportunity to raise that matter with the banks?
Did he raise the issue of bank branch closures, which will have a significant social consequence, particularly in rural areas? According to the figures, upwards of 200 bank branches are threatened with closure, which will make it difficult for people in rural communities to bank locally.
When the Taoiseach has replied, I would like to come back with another question if I may.
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