Professor Alan Barrett:

Essentially that is it. To the extent that we think our hands are tied on policy in Ireland, this is potentially an issue. We do not want blockages to growth when the system finally starts to move around. These are some of the issues that are coming to the fore. Even if one has a better flow of credit, unless the people who can go in and make the convincing case, there is another problem. This is an issue that policy makers need to think about.