Bloomberg News

Ireland’s Kenny Says Will Be No Blanket Writedown of Home Loans

October 11, 2011

Oct. 11 (Bloomberg) -- Irish Prime Minister Enda Kenny said any new proposals on mortgage arrears need to distingusih between those “who can’t pay and those who won’t pay.”

In parliament in Dublin today, he said that a report on arrears will be published tomorrow. He said there will be no “blanket” write-down of mortgage debt.

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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