Ivana Bacik (Independent) | Oireachtas source

I thought it ironic Sinn Féin was proposing something which was in line with what the troika had proposed, which was worthy of comment in itself. I also thank the Minister for a very full response. The criticism of the justice committee report, from what the Minister has said, was unwarranted in that it was judged our recommendation to increase the threshold to ¤10 million was effectively a way of rewarding people for being irresponsible whereas, as the Minister pointed out, that was based on a misunderstanding.

I am interested to hear that in fact the limit of ¤3 million could have been higher. The recommendation from the groups who made submissions to the Joint Committee on Justice, Defence and Equality was that it should be higher. As the Minister said, people can make arrangements for higher amounts of debt outside of the personal insolvency arrangements.