Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Deputy Doherty is referring to alleged inaction. As I pointed out to him earlier, payment breaks were made available in the first place because the Government took action. This has been a huge help to so many families and businesses at a time when it was needed. We have seen the number of people who need these payment breaks begin to decrease, quite considerably in the case of some banks. Engagement between borrowers and lenders is the key to reducing the risk of loans becoming non-performing in the future, leading to the kind of vista to which Deputy Ó Cuív has referred. I believe it will be possible for a restructured agreement to be put in place for many of the loans we are referring to, and I hope it will be possible for all of them. This issue is now developing in many countries, which points to the need for this to be dealt with in a co-ordinated way at European level to avoid creating a further risk in trying to get countries and people back to work in the coming months and next year.

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