Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

It is a very significant challenge. I estimate that Bank of Ireland has 32,000 mortgage customers who are either in restructured arrangements or in arrears now and a significant number of additional customers who are getting into distress. Mr. Boucher says that the problem is slowing but I do not see the evidence for that. Why does the bank not consider writing off the unsustainable portions of these debts that arose during an exceptional period, namely a property bubble, which Bank of Ireland helped to stoke up?