Seanad debates

Thursday, 7 February 2013

12:20 pm

Photo of Jimmy HarteJimmy Harte (Labour) | Oireachtas source

There are transition year students seated in the Visitors Gallery and they can understand the economics of the deal much easier than Senator Cullinane and the Sinn Féin Party. It is quite obvious. He likened the deal to a credit card loan being replaced by a mortgage. That would be good business if we could do that because the interest rate on credit cards ranges between 18% and 20%. It would be a good deal if one got a mortgage at 3%.

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