29 Deputy Pearse Doherty asked the Minister for Finance in view of the 0.25 percentage point ECB interest rise of April last and in anticipation of the ECB interest rate increase due in the coming week, the way he intends to achieve the programme for Government to direct any mortgage provider in receipt of State support to present him with a plan of the way in which it intends to cut its costs, over and above existing plans, in a fair manner by a sufficient amount to forego a 25 basis point increase on their variable rate mortgage. [18894/11]

Summary

29 Deputy Pearse Doherty asked the Minister for Finance in view of the 0.25 percentage point ECB interest rise of April last and in anticipation of the ECB interest rate increase due in the coming week, the way he intends to achieve the programme for Government to direct any mortgage provider in receipt of State support to present him with a plan of the way in which it intends to cut its costs, over and above existing plans, in a fair manner by a sufficient amount to forego a 25 basis point increase on their variable rate mortgage. [18894/11]

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