Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Economy and Funding Requirements: Discussion with NTMA

3:25 pm

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

The ECB used the security marketing programme for purchasing approximately €20 billion in bonds in 2010 and 2011. Am I correct to suggest that the ECB is looking at a profit margin of between €3 billion and €5 billion on the maturity of these Irish bonds? I recognise they were purchased over a period of time but I have suggested this figure on several occasions and it has been neither contradicted nor confirmed.

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