Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

There are absolutely appalling terms. I would not enter into a hire purchase agreement to buy a car with similar terms. A unit has been established in the Department of the Environment, Community and Local Government to deal with this. Some of the contract terms are appalling. Children in secondary school would not have agreed to them. They are very bad for the taxpayer.

Should some or all of the money go back into the National Pensions Reserve Fund in a situation where the European Stability Mechanism would agree to recapitalise? I agree about the €20.7 billion and the €8 billion. It is heart wrenching to think of the country's taxpayers taking a hit of €12.7 billion, but we can do nothing about that at present.