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

The context of this question will be well known to the Minister. It relates to the proposed sale of loan portfolios on the open market by certain banks, quite possibly to so-called vulture funds, and to the issue of the inclusion of certain mortgage loans which have already been restructured and which are now deemed to be non-performing and are therefore being included in the basket of loans for proposed sale with a view to reducing the level of non-performing loans the banks are carrying. I will go into the context in a moment.

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