Joan Burton (Dublin West, Labour) | Oireachtas source

I accept what both Opposition spokespeople have said that we need to see the roll-out. The roll-out is under way as we speak. The phase out period of this is four years. We have considerable leeway. It is generally couples who are on mortgage interest supplement. However, simply handing the banks a blank cheque which does nothing for the individual or couple for interest-only payments indefinitely is not appropriate. I have many examples here where people have been seven or eight years on it. It is doing nothing for anyone except the banks.

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