Seanad debates

Wednesday, 19 October 2011

11:00 am

Photo of Jim D'ArcyJim D'Arcy (Fine Gael)

Like other Members, I call for a full debate on the Keane report. This report is a good first step in dealing with the issue of mortgage arrears. It deals very well with the problem of those who cannot pay their mortgages, such as those who have sub-prime mortgages, and suggests ways they can keep their houses. However, it deals less well with those who are trying to pay their mortgages but simply do not have the full amount to do so at present without sacrificing, for example, requirements for young families. I thank all those who attended the meeting in the AV room last night. I am pleased that representatives of New Beginning will appear before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform later and rather than making this a knockabout issue, if we all work together in the House, we can make progress and solve the problem. In supporting others who called for a debate on the Keane report, will the Leader arrange a calm debate in order that we can make progress on the issue?

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