Mr. Fergus Murphy:

As citizens we can all empathise and sympathise with what happened to a generation of people buying homes during the Celtic tiger period. I am sorry to repeat myself, but the most important thing is affordability rather than negative equity. We will have a range of supports and products that will help people who want to trade up or down. We are rolling out those products and services. However, as regards the earlier answer, we cannot enable an overnight solution to this problem. Mortgages are a long-term product and there will be a medium-term work-out through this crisis.