Enda Kenny (Mayo, Fine Gael)

One would wish these issues could be concluded quickly rather than later. When the Minister for Finance proceeded down the road towards responsibility sharing with subordinated bondholders, he was not aware that court cases would be taken, but that matter has been dealt with to a degree. We cannot provide a date or an absolute conclusion on the matter, as agreement is required on the Government's intention of pursuing senior bondholders in Anglo Irish Bank and a decision cannot be taken unilaterally. As I noted, an interest rate reduction is under continuous discussion with our colleagues in Europe. Responsibility was given to Ministers for Finance to conclude the matter. Irish officials are in constant contact with their colleagues and counterparts to reach a conclusion as quickly as possible.

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