Taoiseach open to debt forgiveness for some homeowners
Taoiseach Enda Kenny has today hinted the Government may be willing to allow debt forgiveness for some struggling homeowners.
Yesterday, the executive chairman of Allied Irish Banks revealed that the institution would consider debt forgiveness for some mortgage holders in danger of default.
The level of arrears in AIB's homeloan book nearly doubled to 2.87% at the end of last year.
Asked in the Dáil if the Government would support such measures, Enda Kenny revealed that he is willing to examine all options.
"The Government are obviously interested in options that are out there to relieve the stress on mortgage holders," he said.
"Obviously these are to be treated very carefully, would require authorisation and maybe legislation in some cases. That's an issue that we can discuss in the House [Dáil] here."
