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Seanad
‹ Order of Business

Christine Lagarde and mortgage deposits

Summary

Terry Leyden condemns Christine Lagarde’s intervention in Irish affairs and her support for the Central Bank’s proposed 20% mortgage deposit.

Will the Government consider sending a reprimand to Ms Christine Lagarde with regard to her direct interference in the affairs of this independent Republic? She literally handbagged the Government and treated its members like poodles. She stated she was in favour of the 20% deposit for people buying houses and supported the Governor of the Central Bank, Professor Patrick Honohan. She interfered in the internal affairs of this republic and I resent it very much. We got our independence, the Government stated the troika was sent home last December, and we are delighted with this. She arrived in and treated the Government with contempt. I do not know what the Minister for Finance is doing because the Governor of the Central Bank seems to be laying down policy for the Government on deposits. He is destabilising the entire building industry. There is great uncertainty. Very few builders will build because they will not be able to sell houses if young couples must provide a 20% deposit. It is practically impossible. Will the Leader of the House invite the Minister for Finance to the House to consider what was said by Ms Lagarde to Miriam O'Callaghan on "Prime Time" on RTE, which was broadcast throughout the country? It indicated to the people that we were still being controlled by the troika and the IMF, which I resent very much. The Leader of the House should arrange a debate with the Minister for his response on the area of building.

I second the proposal made by the Leader of the Opposition for an amendment to the Order of Business.

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