Dáil debates

Wednesday, 19 December 2012

11:00 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I also object to the guillotine being imposed on this legislation. It is clear that the banks are not willing to engage in the sort of debt write-down that is necessary to deal with this suffocating burden of distressed mortgage debt. In that context, serious questions need to be asked and teased out about whether this legislation will achieve the aim of dealing with the problem of mortgage distress. For our part, we do not believe that allowing banks to have the sort of veto that this legislation gives them will result in the sort of relief that distressed mortgage-holders require.

The Government Chief Whip is beginning to look a bit like Madame Defarge, with his predilection for guillotines coming down on important legislation.

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