Richard Bruton (Dublin North Central, Fine Gael)

I want to press the Minister on this matter. The essence of any of these arrangements is that there is some write-down by the banks of the value of their loan. In principle, is this something the Minister is willing to contemplate, otherwise much of this work will be for naught. I ask the Minister to understand there is a great deal of pressure out there. While an extension of the moratorium would be welcome, most people would like to see the Minister engaging directly with the banks to ensure they show forbearance while we work out the details of our proposals. People do not want to see the establishment of a think tank to consider the extension of the moratorium.

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