Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Thank you, Governor. You told Deputy Doherty, if I understood you correctly, that the banks may have been overcapitalised by I think you use a figure of €9 billion and then you made reference to €5 billion of that perhaps being against mortgage arrears, etc. But should that imply two things: one, that the banks should be more forthcoming with writing down unsustainable owner-occupied mortgages and, number two, that the extra €4 billion then of ... if it is overcapitalisation, was this at the expense of public services and with a cost of... I mean the cuts, in current spending in 2012 and 2013 were €3 billion so how can you-----