Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

We may not agree. The Credit Review Office has produced ten reports on this matter. Would it be fair to say that Mr. Trethowan's reflection on this matter has changed as the reports progressed? The earlier reports were very clear that this was new lending which would fall into the category of the 27%. Later it started to include re-financing and restructuring. Agreements between the State and the banks state that is it new lending rather than restructuring and re-financing. I ask Mr. Trethowan to explain why the definition of those targets has changed in his reports.