Seanad debates

Wednesday, 5 December 2012

11:00 am

Photo of Mark DalyMark Daly (Fianna Fail) | Oireachtas source

Will the Deputy Leader organise a debate on the repayment of the promissory notes? It will be repaid to our masters in Frankfurt, which the Labour Party said would not happen.

I refer to the issue of mortgage arrears. A total of 27% of mortgages have either been restructured or are in arrears. The property tax, which will be announced in the budget, will worsen the situation for many people. The fact that the Government parties have not tackled the issue means they should not bring in a property tax. They should not do so until they have resolved the mortgage issue.

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