Ms Nessa Ní Chasaide:

I refer to the wider points raised by Deputy Durkan on the moral hazard question of not repaying debts and of lenders then believing they will never see debt repayments again and whether they will continue lending. We acknowledge this is a risk but our starting point must be that at present, there is no due diligence or holding to account of the lender. In situations of debt crisis, it is the people of countries of the global south, as well as the people of Europe nowadays, who are left holding the can. Until the international community comes together and establishes a fair and just debt workout system, we will continue to be left with that problem.