Dáil debates

Wednesday, 10 June 2015

Central Bank (Mortgage Interest Rates) Bill 2015: Second Stage [Private Members]

 

7:10 pm

Photo of Liam TwomeyLiam Twomey (Wexford, Fine Gael) | Oireachtas source

I thought the Members opposite had a better understanding than that, but clearly not. They have a poor understanding of how legislation impacts across the economy. Even the Bill they want to put through would have significant impacts on other individuals with mortgages in Irish society. Their so-called solution could actually generate a bigger problem. This comes as a surprise to me. I actually thought they would have put more thought and effort into what they are doing, but clearly not. It might be useful to read what the Central Bank is saying and we might get a more sensible response to what is happening out there.

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