Enda Kenny (Mayo, Fine Gael) | Oireachtas source

-----being implemented by the Central Bank to work out a solution in each and every case. The Governor of the Central Bank has been very clear about the targets set by the Central Bank for banks and lending institutions to work out solutions in each and every case. It is perfectly obvious that the people who are applying for mortgages and who are in a position to purchase houses are not going to get caught in the same trap as those who have gone before them.

Despite much cynicism, the Government has acted responsibly to put in place codes of practice, targets and legislation to help the very people Deputy Healy spoke about. If they took out a mortgage and found that because of unemployment or other changed circumstances they are unable to pay, there is now a solution for every case. It means, however, that in every case those concerned must work out what solution is in their best interests. We do not want to see anybody lose their homes.

See this speech in context