Oct. 19 (Bloomberg) -- Ireland’s banks have not been asked by the country’s bailout partners “to consider allowing households temporarily to stop paying their mortgages” to pay down personal loans, the European Commission said.
“The Irish authorities have made clear and we agree, those who can service their debts need to continue to do so,” the European Commission representation in Ireland said in an e- mailed statement. The Irish Times reported today that the so- called troika had asked lenders to consider temporary suspension of mortgage payments to allow borrowers pay down other loans.
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