Oireachtas Joint and Select Committees

Wednesday, 17 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance

2:35 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Does the Minister believe it would be preferable for the banks to sit down with borrowers on a case-by-case basis and agree debt write-downs as mentioned by the Secretary General yesterday if necessary outside of the insolvency system without borrowers having to go through a personal insolvency arrangement with the bank?