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

I will. I appreciate the Minister's clarity, but can I take it that, regarding the Central Bank's consultation process on 80% loan-to-value mortgages, we should not assume it will be okay because the Government will introduce a 10% guarantee scheme to raise the ratio to 90%, as suggested in some media? We need clarity. Should we focus on the 80% ratio or will the Government come in through the back or side door to increase the ratio via a guarantee scheme? From the Minister's answer, it is clear that the latter is not the stated intention. He is saying that we should take the Central Bank's proposal at face value and decide whether 80% is an appropriate figure, because no other attempt to increase the ratio will be made by the Government. It has been suggested that the Government might do otherwise.

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