Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I do not want to nitpick, but it is not one third that is not engaging, but one quarter.

Last week, the European Commission provided a number of proposals on the treatment of NPLs, one of which was guidance on national asset management bodies that would not contravene EU law and state aid rules. While the Commission focused on commercial loans, it stated that such a vehicle could also be used for residential loans. Would such a solution - a NAMA for homeowners - be of interest to the bank? This is the type of guidance that the European Commission outlined last week. Permanent TSB made the point that it was not able to avail of NAMA, which was predominantly for commercial loans. If such a vehicle were to be established by the State, would Permanent TSB consider that option and halt the sale of these loans to a potential buyer, which will obviously be a vulture fund?