Gerald Nash (Louth, Labour) | Oireachtas source

I congratulate the Minister for Finance on his appointment as chairman of the Eurogroup. I wish him well in his endeavours at what is, putting it mildly, an interesting time for our economy and the economy globally.

The ongoing situation regarding the Covid-19 penalty for mortgage holders who have taken a payment break and the treatment of mortgage applicants who are on the TWSS by the so-called pillar banks brings again into stark relief the need to develop a real alternative to the commercial banks. The credit union movement stands ready to fill this gap. The Irish League of Credit Unions, ILCU, has urged the Government to amend legislation so that credit unions can provide, for example, up to €900 million in funding for social housing projects. Is this something to which the Minister will commit to doing?

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