Dáil Éireann Debate, Wednesday - 5 October 2011
77 Deputy Michael McGrath asked the Minister for Finance in view of the fact that he has now received the report from the group chaired by Mr. Declan Keane established to examine ways to assist persons in difficulty with their mortgage, his views on the recommendations of the report; and the actions he intends to take, and when he intends to take them, arising from this report. [27885/11]
Amharc ar fhreagraThe Government is acutely aware of the increasing financial stress that some households are facing arising from difficulty in meeting their mortgage commitments. Against this background, the Government's Economic Management Council, prior to the summer recess, requested an Inter-Departmental Group to consider further necessary actions to alleviate the increasing problem of mortgage over-indebtedness and to report to it by the end of September.
The outcome of the work carried out by the group, which was chaired by my Department and comprised of representatives from other relevant Departments, the Central Bank and expertise from the banking sector, has been presented to the Economic Management Council. I will be bringing the Report to Cabinet next week after which it will be published and my preference is that the Dáil will be given an opportunity to fully debate the contents and findings soon afterwards. Until the report has been considered by Government and released into the public domain, I do not wish to make any further comment on the contents.
