Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

In the last four years, prices have only gone one way. It would not take a financial genius to put in place a structure whereby, if there was a sudden massive spike, it could be taken into account. Is there any merit in the arguments that some of us on the left have made about a general write-down rather than this individual tortuous process for owner-occupiers who face negative equity and unsustainable monthly payments?