Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Will the Dáil be given some clarity as to the Minister for Finance's position? Does he agree with his Cabinet colleague that banks should lend more to developers on the basis that the developers would have less equity? That is the proposal that has been made. It seems a bit hare-brained and Celtic tiger era, but it is not the first time we have seen something like it.

We deserve to know what the Department of Finance and the Minister for Finance's position is. The Governor of the Central Bank has clearly poured cold water over the idea. I could not believe that the Minister for housing would make a statement like that without even discussing it with the Minister for Finance or the banks, but then, it is Fianna Fáil we are talking about, so I will leave it at.

What is the Minister for Finance's position? What is the position of the Department of Finance? Does the Minister for Finance agree with the Minister for housing's assessment that banks should lend more to developers with less equity provided by those developers? Will the Minister answer that question clearly because I would like to know, in his engagement with the banks, whether that something that is going to be under consideration?

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