Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

A number of weeks ago the Minister gave a commitment to introduce a scheme for first-time house buyers in the Finance Bill. There was not much detail about the scheme, but it was reported at the time that officials in the Minister's Department did not think much of the plan. The plan has also been subject to criticism from quarters outside this country. The IMF referred to it and the EU Commission has not welcomed it, saying it is crucial to prevent potential effects on house prices and possible contingent liabilities for the State. Will the Minister outline the plan for this deposit insurance scheme? Does he still intend to proceed with it, given the criticism levelled at it?

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