Seanad debates
Tuesday, 16 December 2008
Order of Business
3:00 pm
Michael McCarthy (Labour)
I also ask that any matter regarding the HSE will not be passed on to RTE but will be discussed in this House.
We have had the bail-out scheme and we now have recapitalisation. When will we ensure that the Government will give a guarantee to homeowners that they will not have their houses repossessed for the duration of the current economic difficulty? We have given major assurances and guarantees to banks and we should guarantee to homeowners that their houses will not be taken from them by these banks during the term of the recession. We should also give a guarantee that when, not if, the next reduction in the ECB rate is announced, which I suspect will be in January, it will be passed on to those who do not have tracker mortgages. It is currently left to the discretion of the banks.
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