Seanad debates

Tuesday, 10 November 2009

11:00 am

Photo of Labhrás Ó MurchúLabhrás Ó Murchú (Fianna Fail)

We should do likewise with regard to the conciliatory statement from the Irish Banking Federation this morning. It is not sufficient just to welcome that statement. We should set aside time here and give Senators the opportunity to discuss it. We will need to nudge it forward. The House has been very alert on the issue of mortgages and has raised the issues of negative equity and fixed rates of interest, which are frightening and have people shackled. I accept fully what Senator Harris said about such debate and doubt we will have to look for media coverage. Instead, the media will queue up to give us coverage. While saying they were the most significant contributions in this whole debate since it started, I believe we shall miss the opportunity if we do not recognise their essence and the potential which they possess.

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