Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

That is fair enough. No one knows at this point in time. We must rely on the Central Bank's information. We will wait and see. I wanted to deal with the process.

In terms of both the ECOFIN and the Eurogroup meeting, the Minister made no reference to the potential retrospective recapitalisation of Irish banks. I wonder where this sits at this point in time. The Minister will be familiar with the statements of leading people in Europe in the past while. We are well into this process; it is 17 months since this was announced by the Eurogroup. We have the letter from the Taoiseach, Deputy Enda Kenny, to the leaders in Europe on the importance of Ireland's return to full market financing. Is it sustainable that this commitment would be implemented? My view, and I hope this will become a reality, is that there should be a re-financing of as much as possible of the funds we put into AIB and Bank of Ireland. It is also my view that the door seems to be closing since that statement on 17 June last year. I raised this issue with the troika when they were last here.