Examination of Tracker Mortgage Related Issues Let me begin by stating that I fully share the Committee’s concern about tracker mortgage related issues. Where these issues have arisen, it is clear that lenders have failed their customers.
Who could have imagined 15 years ago that in May 2004, eight countries in central and eastern Europe, together with two countries in the Mediterranean, would be members of the European Union? The perspective of joining the European Union and eventually adopting a European single currency was out of sight for even the most imaginative minds.