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

Mr. Mason will accept that the solutions the bank has put in place in the past, including the short-term solutions such as interest only, have failed. Even today across the financial institutions, one in four restructurings are failing. In the past almost half of all restructurings were failing. The point is that the Central Bank no longer wants short-term restructurings; it wants long-term restructuring. If, for example, one third of these offers are interest only, is Mr. Mason convinced that the Central Bank will accept them as long-term restructuring as defined by it?