Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

There will be no political interference with the banks. On the question of repossessions, 207 houses were repossessed on foot of a court order, which does not equate to the tens of thousands of houses sometimes mentioned in commentary. There are 121,000 restructured mortgages on private dwellings, with a success rate of 86.6%. That means the arrangements stick in just under 87% of cases. The problem is being solved progressively. I appreciate it is very hard on people and I can appreciate that people who lost their jobs do not have money. I also appreciate the concerns and how upset people are. In a very extreme situation, the issue is being handled reasonably well by the banks.

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