Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

If I am a borrower in distress and feel that my lender has not made a reasonable offer, I am looking at this directive and wondering is it a game-changer for me or not. As a layperson, if I am reading this right, I would ask what difference there is, because the language seems the same. The banks, the Central Bank and the Minister will say that all lenders are supposed to engage on a person's ability to pay their credit. The same type of language is in this directive. What is different? Mr. Honohan is saying this is hard law from the European Union that requires a reasonable effort to be made. However, the matter of what is reasonable or not comes back to the judgment of judges at the end of the day. What is reasonable to one judge may not be reasonable to another. There are no explicit rights in this directive that require a borrower to be offered-----