Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

When Mario Draghi spoke in December, he was questioned about the outcome of the balance sheet reviews. He referred to decisive action being required in respect of the Irish banks. That was seen in the context of the balance sheet reviews which had just been published and interpreted by the banks. Will the Minister give us his interpretation of what Mr. Draghi was referring to when he spoke of decisive action being required by the Irish banks in advance of the stress tests? Does it relate to dealing with the mortgage arrears problem or was it respect of loan provisioning and the balance sheet review?

See this speech in context