Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Please do so. I am one of those who raised the issue of consistency. I accept that writing down mortgage debt will be a solution in a certain proportion of cases. It is important that people know the circumstances under which they may be able to avail of such a solution. One can argue, if one writes off sufficient mortgage debt, that almost every mortgage is sustainable. It is important, therefore, that people know what criteria are being used and are assured that the process is transparent and there is no suggestion that only people in a certain circle or those who are in the know, as it were, will benefit from this attractive solution. I ask Mr. Duffy to comment on the issue of transparency and the criteria used. On what basis is the decision made that a debt write-down is a solution in some cases but not in others?