Joan Burton (Dublin West, Labour)

-----advised the parties that Jean Claude Trichet had stated this support could not continue forever. He did not give a time limit but did say it could not continue forever. Is it envisaged that, given that the Central Bank - this was confirmed this morning by Professor Honohan - also gave between €20 billion and €30 billion to Irish covered institutions who no longer have collateral, that we are looking at a shift of the €20 billion to €30 billion from the Central Bank into this fund and a shift of some of the money coming from the European Central Bank into the fund, in which case the interest rate would rise from 1.5% to plus 300 basis points penalties bringing it up to a minimum of 4.5%? Does the Minister agree that this would be expensive for Irish citizens and taxpayers? It would be an extra €6 billion a year minimum.

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