Eamon Gilmore (Dún Laoghaire, Labour)
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Question 15: To ask the Minister for Finance if his attention has been drawn to the fact that other jurisdictions facing rising home repossessions are considering a foreclosure holiday whereby those at risk of losing their homes due to mortgage default will not face this risk for a certain period; his views on such an initiative appropriate in the Irish context; and if he will make a statement on the matter. [45354/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I refer the Deputy to my answer to Dail Question No. 10 (Ref: 45358/08) of 11th December 2008.

I would add that for 2007 as a whole, the total number of houses repossessed by mainstream lenders in Ireland was of the order of 50. My Department understands that the number of repossessions in 2008 to date is in line with this trend. The Deputy may wish to note that the level of repossessions in Ireland is also very low in comparative terms when compared with the UK.