'No doubt' AIB will be asked about major debt write-downs - Donohoe

There is 'no doubt' that AIB should be questioned about major debt write-downs when it appears before the Oireachtas Finance Committee.

Public Expenditure Minister Paschal Donohoe was speaking amid calls for the bank to be brought before the committee. The controversy surrounds the bank allegedly writing-down hurling star DJ Carey's debt from €9.5 million to €60,000."AIB go in front of the Finance Committee of the Oireachtas very regularly, and I've no doubt when they're in front of them that matter will be raised with them," he said.

"However I do think we need to take great care in recognising that arrangements that banks make with their clients, that they are customer-bank relationships."I think it is appropriate, however, [that] we do have a broader debate regarding how we deal with the issue of solvency within our economy, how we deal with the issue of how we write-down debts - and what that means for a sense of fairness regarding how these issues are dealt with.

Main image: The Public Expenditure Minister Paschal Donohoe in Newstalk studios. Picture by: Newstalk

All a distraction...complete gas lighting

Irish taxpayer are majority owner of AIB and yet Pascal has no idea what they are doing. It's either incompetence or just don't care.

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