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 Full text 
Tuesday, 11 February 2020 - Strasbourg Provisional edition

European Central Bank - annual report 2018 (debate)

  Seán Kelly (PPE). – Mr President, first of all, it is good to see Madame Lagarde here. I congratulate her on her appointment. And, indeed, herself and her predecessor Mr Draghi are to be congratulated on keeping the euro afloat and keeping the European economy in a stable position. Having said that, I want to ask one question in particular.

We have had an election in Ireland and one of the big issues there was in relation to housing. Mr Kelleher referred to the interest rates, but not only the interest rates, but also the rules of borrowing. We have a situation now where people who are well educated, with very good jobs, cannot afford to buy a house.

There are other issues in relation to the supply of housing, but even where the supply is available, this is causing a huge concern for them. And many people are now living with their parents because, while having been well educated, as I said, good jobs, well paid, they cannot afford to buy a house because of the rules implemented by our banks.

Can she offer some leeway in that regard and some hope to those people that what was the norm in the past can apply in the future – you have a good job, you can buy a house?

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