Professor Patrick Honohan:

To some extent we did that, and it's sort of innovative. It's not what's done in other countries and people are looking at it, not always favourably, many people outside thinking we're too sympathetic to the debtor. By defining this sustainable solutions and defining what would be sustainable in terms of a restructuring. We also, of course, when they can't find a restructure, there is the recourse of the courts. But, we defined what sustainable would look like and we talked very much about the split mortgages, which had been used, actually ... people said "Oh they'll never use them", but actually they're using quite a lot of them there, I think, there should be more use of that.