Dáil debates

Wednesday, 6 May 2015

4:40 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

I put it to the Taoiseach that he has ignored the genuine calls from this side of the House for an end to the bank veto, and various legislative propositions we have made. When will the Government remove the veto the banks currently have on debt resolution mechanisms? The Personal Insolvency Act has been very ineffective, and it has failed. We hear leaks via the media that something will happen four years from the time Deputy Michael McGrath first tabled Private Member's legislation, which if the Government had accepted, would have paved the way for a far more reasonable approach to the issue. It is a shocking indictment of what the Government has been doing for the past four years.

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