Oireachtas Joint and Select Committees

Wednesday, 7 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Statement of Strategy 2011-2014: Discussion with Department of Finance

2:35 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

In his response to Deputy McGrath, Mr. Moran referred to reducing the cost of servicing the national debt. Could he provide an update on discussions on the restructuring of the promissory note, the funding element of it and the legacy debt of banks in the European context? Where does Mr. Moran envisage the situation going in the future and where does he see the savings? I ask him to elaborate on the issue in the context to which he referred of reducing the cost of servicing the national debt.

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