Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

Ireland is in a very difficult position as well and we must consider how we can maximise our savings. Is there a mechanism where using my figure of €20 billion, it could be sold to the EFSF, purchased back and retired through a 20 year bond? Are we using processes to maximise those savings? I do not care if Greece is special or not. We are in a bad position at present and we must maximise our savings. Rather than concentrating on the billions, I would concentrate on the approximately €20 billion in the SMP. There are possible savings of €3 billion to €5 billion. Is this being tackled properly?