Seanad debates

Thursday, 7 February 2013

12:20 pm

Photo of Jimmy HarteJimmy Harte (Labour) | Oireachtas source

Yes. I want to clarify a point for Senator Cullinane because he does not understand. Any business person would grab that deal on ¤100,000 because he or she would not have to pay it back for 40 years and could maintain a business with ¤3,000. At present the banks are offering ¤100,000 over five years. That means it would cost ¤100,000, plus ¤6,000 per year in interest and could cost ¤140,000 in total.

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