Jimmy Harte (Labour) | Oireachtas source

It is quite simple. People in business will understand and I have been in business. The people who are doing business at the moment are finding it extremely tough. What if I or any business person went into a local bank and asked for ¤100,000 capital to develop or maintain a business and the bank agreed? It would say that one did not have to repay the capital amount for 40 years but would charge 3% in interest per year, which would amount to ¤3,000, over the length of the mortgage.