Seanad debates
Tuesday, 7 October 2008
Order of Business
3:00 pm
Paul Coghlan (Fine Gael)
Absolutely. Everybody in the Government parties should be glad that we in the Opposition almost unanimously agreed to the scheme, and that it will have to be brought before both Houses. Some of what is intended will be put into the scheme, but I would still like to know if amending legislation will be necessary. Can the Leader tell us when this House will debate the scheme? I understand that it is to be signed off at Cabinet this evening.
The markets are taking a very different view to what the Financial Regulator and the governor of the Central Bank have been saying. The 2007 stability report stated that around 85% of new lending was related to property. We should be demanding——
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