Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I thank the Tánaiste for his reply. The targets, while well-meant, are being gamed by all of the banks. We know from the finance committee hearings in September that the way they have met the targets is by issuing tens of thousands of legal letters offering to evict people from their homes. The Central Bank has colluded in this by accepting that a threatening legal letter counts as a genuine offer of long-term restructuring of a mortgage.

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