Mortgage arrears crisis
Senator MacSharry seeks a debate on mortgage arrears and attacks the Government’s mortgage code and economic policies; the Chair repeatedly rules that he is over time.
I join my colleague, the leader of the Opposition, in calling yet again for a debate on the mortgage arrears crisis. Since 2009, many of us in these Houses have been calling for such debates. The Leader has heard it from his own side in detail today. As the House will be aware, the Taoiseach is in Strasbourg today to take a bow for the implementation and delivery of Chancellor Merkel's plan for Irish recovery, the three pillars of which, he stated, were stability, jobs and growth. While the Taoiseach might get the douze points from the European leaders, I am afraid the people of Ireland have seen nothing of jobs, stability and growth. As Senator Darragh O'Brien pointed out and as Senator Higgins correctly underlined, we see that Ireland has capitulated entirely to the banks. This time we do not need any tapes.
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It is on the airwaves. The Taoiseach has handed everything to them.
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The new code of conduct gives all the power to the banks. You will lose your tracker mortgage; you will lose everything.
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Over the next number of months, I will introduce yet more legislation to this House which will be based on what the people want.
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Something that represents the people. We do not want to be the whipping boy for Angela over in Frankfurt-----
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-----but something that represents the Irish people.