Stephen Donnelly (Wicklow, Independent) | Oireachtas source

My last question concerns sustainability. Two of the key words in the Governor's statement and in this process are "sustainable" and "affordable". If we ignore the pretend split mortgage from Bank of Ireland, the split mortgage in most cases looks at what happens if the household improves its financial situation. The bank will knock on the door every three years or so and say it wants half of what the Government has not already taken. This equates to a marginal tax rate of 76% for the rest of their lives. Does Professor Honohan believe that is a sustainable solution?