Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland

1:55 pm

Professor Patrick Honohan:

I do not see how the Deputy can find it odd, except possibly for the terminology, which I have already admitted could be interpreted as Orwellian partly due to our relationship with the troika, which wanted a terminology proposed and concluded. What can a lender do to propose a sustainable solution if it does not have the information? That is the question.