Oireachtas Joint and Select Committees
Thursday, 2 March 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Debt Write-down and Debt Resolution Policies: Allied Irish Banks
Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source
They are protected for the duration of the contract but, subsequent to that, they will revert to the variable interest rate which is much higher than it would have been at the time of the contract and they have no opportunity to fix the interest rate.
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