Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I do not mean to cut across the witnesses but in the interest of time, I think Mr. Masding has answered the question. That is deeply disappointing as such an issue gets to the heart of the problem with this entire approach. The banks are dealing with arrears - they will be penalised if they do not - and the arrears targets will come down at the cost of the Irish citizens and the economic recovery of the country. If banks are forcing people to leave university in order to pay a split mortgage, probably with money they should not have borrowed and Permanent TSB should not have loaned, it will be bad for the country.

By my calculation, 65% to 80% of the solutions being offered will increase the level of payments made over the life of the debt from the borrowers to the bank. Mr. Masding and I have spoken about this before and the crisis is not about arrears but debt. Unfortunately, what I and other members are hearing is that whereas the banks are understandably meeting targets, the consequences, at least in some cases, will be to the detriment of Irish citizens and the economic recovery of this country.

What is Mr. Masding's view on that?