Honohan: 'Wishful thinking' from banks will not solve mortgage crisis

The Governor of the Central Bank says the banks are engaging in wishful thinking that arrears cases will resolve themselves.

Honohan: 'Wishful thinking' from banks will not solve mortgage crisis

The Governor of the Central Bank says the banks are engaging in wishful thinking that arrears cases will resolve themselves.

Patrick Honohan is appearing before the Oireachtas Finance Committee today, where he has been giving details on how lenders are meeting targets to help distressed mortgage holders.

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