Joan Burton (Dublin West, Labour) | Oireachtas source

I put it to the Minister that he has arrived at a crunch time. I do not think there is very much disagreement on those loan holders who have failed to engage in any way with the banks. What I and others have constantly spoken about is those people who in good faith made an arrangement and are sticking to it at great sacrifice to themselves. In almost every other country where bank collapses happen, for instance in the United States, they would be able to strike a deal. While it was not possible to do deals five years ago, it is now possible to do them because of the strength of the Irish economy and it is up to the Minister for Finance to be creative about a structure that allows families or businesses which have offered personal guarantees on business lending of their family homes survive.

See this speech in context