Latest Troika memorandum of understanding includes targets for restructuring mortgages

Friday 29 March 2013 10.10
The memorandum includes targets for the restructuring of mortgages
The memorandum includes targets for the restructuring of mortgages

The Government has published the latest version of the memorandum of understanding with the Troika.

The document commits Ireland to introduce or continue with further reforms of the banking and financial sector.

It includes targets for the restructuring of mortgages that are in arrears, and permanent restructuring of debts in the SME sector.

It also commits the Commission for Energy Regulation to carry out a consultation on charging for household water supply with a view to the start of water charges by the end of the EU-IMF programme period, which finishes at the end of the year.

The Government is also committed to introducing an eHealth strategy, including a time-bound action plan for introducing eHealth systems and including an electronic prescription service.

The memorandum calls for an increase in the use of generic drugs in the health system to reduce costs.

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