Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I agree with the theory, but in practice one may find that at least some of the lenders - some of the sub-prime lenders, for example - will not engage in the spirit of what Mr. O'Connor is saying. Much research has been done on what a reasonable standard of living is, but basically the legislation takes the approach of the Vincentian Partnership for Social Justice, but with some stuff taken out. It is therefore the Vincentian approach but with no holidays and potentially one or two other things. I do not want to get into that, but to me it does not represent a reasonable standard of living.

To me, it is a standard of living that one can tolerate for, hopefully, a short time, after which one’s debt is restructured and one no longer has to live on it. I do not see it as a sustainable long-term standard of living. Does Mr. O’Connor agree?