Joan Burton (Dublin West, Labour)

We will await the introduction of the legislation to which the Minister refers because, as he will be aware, the markets have become very averse to the notion of warrants and dividend income on preference shares. That is likely to produce a more negative response from the markets — if one follows them. Other governments have begun to change their arrangements in that regard, as I am sure the Minister's officials are aware. I wonder whether we will see interest of 8%.

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