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

I thank all our witnesses for their opening statements. If I may start on either the farm or the business end of matters - I do not mind which of the witnesses takes this question - can they characterise for us what their members report as to what these funds are like to deal with and what are the prospects of getting a deal? We sometimes hear from supporters and advocates of these funds that they are more likely to do a deal that would be put forward normally for mortgages. Can the witnesses give us a sense of what they are like to deal with? Are deals being done and, if so, what kinds of deals? Are long-term restructures being done, whether of farm debt or SME debt? Are the funds entering into long-term restructures that clearly go beyond their investment horizons in Ireland, which are for a short number of years?