Summary of terms, from RTE
Government to appoint 1 in 4 directors.
Banks to receive 3.5 billion each.
Banks will pay interest rate of 8%.
There will be 30% increase in mortgages to First Time Buyers.
10% increase in loans to SMEs.
Hold off home repossessions for 12 months.
33% reduction in senior executive pay.
Salaries to be frozen.
No performance bonuses this year.
Non-exec directors fees cut by 25%
Reactions?
Government to appoint 1 in 4 directors.
Banks to receive 3.5 billion each.
Banks will pay interest rate of 8%.
There will be 30% increase in mortgages to First Time Buyers.
10% increase in loans to SMEs.
Hold off home repossessions for 12 months.
33% reduction in senior executive pay.
Salaries to be frozen.
No performance bonuses this year.
Non-exec directors fees cut by 25%
Reactions?