John Halligan (Waterford, Independent) | Oireachtas source

My question is in a similar vein to that asked by Deputy Michael McGrath. However, is the Minister comfortable in the belief that he has exerted enough pressure on the banks to introduce more variable rate reductions? Does he accept that some banks have reduced their fixed rates but have left variable rates unchanged? Is the Minister prepared to change the law, as suggested by many Members? As recently as last week, the Tánaiste, Deputy Joan Burton spoke about something being done in the upcoming budget that would force banks which are overcharging to reduce their interest rates down in line with Europe.

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