Enda Kenny (Mayo, Fine Gael) | Oireachtas source

I note that the Fianna Fáil spokesman on finance said yesterday that the requirement of the troika to provide legal clarity to the procedural aspects of the 2009 legislation introduced by the previous Administration, which was adjudicated on by Ms Justice Elizabeth Dunne, would lead to a rash of house repossessions. That is untrue. The situation in so far as the mortgage market is concerned - and it has been so for very many years - is that banks lend on the basis that they will be repaid and where circumstances do not permit that to happen, repossessions have taken place.

Let us be very clear on this. It is the intention of the Government that clarity be provided to that aspect of the law which Ms Justice Dunne found insufficient or inadequate. There is no intention of having, as the Fianna Fáil spokesman said, a rash of house repossessions. The number of repossessions in this country has been exceptionally small and we intend to keep it that way.

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