Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

I thank the Minister for his reply. If the Minister had extended the payment break before 30 September for a further six months, would it have prevented the reclassification of these loans as non-performing loans under the rules? As a consequence, this may have avoided the capitalisation problems outlined by the Minister while still having all the EU and other money provided.

Will the Minister confirm if other EU countries extended the break for a further six months? Did the Minister examine the reasons they did so? I am interested to know what other countries in the EU extended these payment breaks.

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