Joan Burton (Dublin West, Labour)

In the figure of €77 billion referred to by the Minister, the rolled up interest amounts to €9 billion. Although the Minister has not clarified this, that rolled up interest is generally thought to have occurred in the last two or three years. If developers end up securing an interest holiday for some years under NAMA, that alone could be worth another substantial sum of several billions to them. Moreover, when the judges were looking at-----

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