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Leaders' Questions (8 Jul 2015)

Enda Kenny: I thank Deputy Fleming. The Deputy will be aware that discussions around the budget are a matter for the Ministers for Finance and Public Expenditure and Reform. All of that will take place, including public engagement with different sectors, over the next while. However, I take the Deputy's point. The Deputy has raised a very serious matter, which affects families all over the...

Leaders' Questions (8 Jul 2015)

Enda Kenny: The Deputy made a claim that I leaked the European Commission report.

Leaders' Questions (8 Jul 2015)

Enda Kenny: No. The Deputy said, "You leaked the report"-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----and he then said quickly "or someone did".

Leaders' Questions (8 Jul 2015)

Enda Kenny: I know the Deputy does not mean that, but he put it on the record again, and I reject that.

Leaders' Questions (8 Jul 2015)

Enda Kenny: Also, he said that the Central Bank said it was not open to the implementation of legislation to deal with this. I have said to him already this morning that the Government has repeatedly said to the Central Bank that if it wants legislative powers-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----to deal with the setting of interest rates for variable-rate mortgages in the mortgage market, it will introduce such legislation. The Central Bank, which is independent, has said it does not need this legislation-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----and it does not require it.

Leaders' Questions (8 Jul 2015)

Enda Kenny: The Deputy has never respected independence before, nor does he respect it now. He is introducing legislation by way of a Private Members' Bill with Deputy Michael McGrath, who is a decent, determined politician, to quote what he said this morning. The Central Bank has told the Government it does not want legislation of this nature. The Government has repeatedly said we will introduce...

Leaders' Questions (8 Jul 2015)

Enda Kenny: He then clarified that by saying the banks had not moved in any substantial way. Believe me, the Government is very interested - and why not - in the 300,000 families who are paying excessive variable interest rates on mortgages.

Leaders' Questions (8 Jul 2015)

Enda Kenny: The Government has restructured these banks-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----not in the interest of the banks and their directors but in the interests of consumers, and that cost a lot of money, as the Deputy is well aware.

Leaders' Questions (8 Jul 2015)

Enda Kenny: The Minister has met all the banks. He has received a report from the Governor of the Central Bank. His officials are now looking-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----at the outcome of what the banks said they would do, and the Minister will meet with them all again in early September-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----in advance of the budget in October. I hope that sets out for Deputy Martin the process and the timeline. The end result is that the Minister has the option open to him to take further action in the budget in October if the banks do not move substantially in the meantime.

Leaders' Questions (8 Jul 2015)

Enda Kenny: I will stand up for Irish mortgage holders. The problem on the far side is that between them the two parties do not have a decent policy-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----so they have to revert to trying to score points off each other-----

Leaders' Questions (8 Jul 2015)

Enda Kenny: -----instead of putting forward their views on the economy and where it can lead to. Deputy Adams is the person who set out to wreck the Irish economy with his profligacy in the way he puts forward his propositions.

Leaders' Questions (8 Jul 2015)

Enda Kenny: It is pay for nothing, have everything for nothing and all will be well.

Leaders' Questions (8 Jul 2015)

Enda Kenny: I am very glad that after his engagement with the Greek Prime Minister, and I was very happy to hear his comments last night in Brussels that they have now formally applied for assistance in respect of a new programme-----

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