Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Can I ask about the impact of the promissory note? I understand the IBRC is a passive participant, as such, and the negotiations are between the Government and the European Central Bank. Mr. Dukes said the final bill for the Anglo Irish Bank element of IBRC may be affected by any restructuring of the promissory note. What did he mean by that? Is he involved in the discussions that have been under way for some time on redesigning the promissory note arrangement?