Brendan Howlin (Wexford, Labour)

-----of a suite of measures that make it clear that the Government wants people to retain roofs over their heads. We want to ensure there is a sustainable path to pay debt. The Deputy asked whether we have factored in the impact of debt write-off in terms of the recapitalisation of banks. That was part of the assessment by the BlackRock group and others last year. They determined the volume of money required to recapitalise fully the banks to meet any contingency that might realistically arise. That included the mortgage impairment they foresaw.

Our position, therefore, is that there is no need for further recapitalisation.

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