Boucher’s veto is a blow to State’s debt plan

By Business Editor David Murphy Bank of Ireland’s CEO Richie Boucher has waved two fingers at the Government’s efforts to resolve the personal debt crisis. Last week Mr Boucher told the Oireachtas Finance Committee his bank would veto any insolvency deal involving a write-down of mortgage borrowings owed by an owner occupier. It means that one of the two largest banks in the country has dealt an enormous blow to the agency set up by the State to handle the …