Dáil Éireann Debate, Thursday - 28 February 2013
56. Deputy Micheál Martin asked the Minister for Finance if negotiations are ongoing with the EU and ECB in respect of dealing with loss making tracker mortgages held by the covered banks; his views on the way the issue can be dealt with in a way that supports the viability of the banking sector here; and if he will make a statement on the matter. [10610/13]
View answerAs the Deputy can appreciate, officials from the Irish Authorities are in regular dialogue with all of the covered institutions in an effort to enhance stability and to facilitate the sectors’ return to profitability. In this regard, the ending of the ELG scheme is a key step along this road and is a demonstration of the progress we are making in returning to a more normal relationship between the banking sector and the State. The question of further restructuring of the banks is being kept under review by my Department and is discussed with the Troika at their regular quarterly visits.
