Troika talks on tracker mortgages continue

The Government continues to have discussions with the troika about solutions for the tracker mortgage problem, “but it would be too strong a description to say they are under negotiation,” Minister for Finance Michael Noonan told the Oireachtas Finance Committee.

Mostly loss-making tracker mortgages continue to weigh on the

profitability of the banks. The Government had proposed to “warehouse” the trackers in a special asset management unit, which would be funded by the ECB.