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

I welcome the Minister and his colleagues. One of the points the Minister is raising at the ECOFIN meeting is the revised capital requirement rules. I ask him to outline his view on that matter and what impact he expects the revisions to have on the capitalisation of our banking system.

The Minister referred to the fact that 40% of our national debt relates to the banking system. In that context, I ask him to indicate how that debt has a knock-on effect on our budgetary position. The total interest charge for servicing our debt will be €4.1 billion in 2012, €5.6 billion in 2013, €5.5 billion in 2014 and €5.6 billion in 2015. What is the value amount of those totals that relates to banking?