Irish opposition to test new government with mortgage rate bill


  • World
  • Monday, 09 May 2016

President Michael D. Higgins signs Prime Minister Enda Kenny's Seal of Government to office of Taoiseach in Dublin, Ireland May 6, 2016. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) - Ireland's main opposition party said on Monday it would table a law to give the Central Bank power to intervene in the setting of mortgage rates, in one of the first legislative tests of the new minority government.

Prime Minister Enda Kenny's coalition last year used its majority to vote down a similar proposal. But his new minority government, formed on Friday, controls just 59 of parliament's 157 seats, leaving opposition parties with enough votes needed to pass legislation if they act together.

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