Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

ECOFIN Meeting: Minister for Finance

9:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I expect so, particularly for businesses, but it will vary on a business by business basis. Businesses have reached agreements with banks that have reduced the nominal value of debts, agreed to the making of repayments over longer periods of time and to the repayment of lower levels of debt in response for being treated better in other ways. All of this will vary, depending on the bank and the customer.

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