Arthur Spring (Kerry North-West Limerick, Labour)
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I am conscious of the time. The pressure element of interest-only does not give people breathing space; there is still the weight upon them. Essentially, that is what I am trying to get people to avoid.

To drill into this aspect a bit further, Mr. Martin Schultz has been in town for the last two days with the leader of my party and some MEPs. Mr. Schultz talks about the prospective recapitalisation of the Irish banks in a meaningful way. I do not know how we are going to do this. Does Professor Honohan have any thoughts on this matter? If the ECB allows the European Commission to recapitalise our banks retrospectively, how would Professor Honohan see that blending into the mortgage holder in real terms?