Oireachtas Joint and Select Committees

Wednesday, 26 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Draft Heads of Central Bank Bill 2014: Department of Finance

4:45 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

To clarify, Ireland is putting in money now from the Central Fund, in anticipation of a profit we will make on the redemption of the bonds. If the bonds were not redeemed, for whatever reason, that is, were Greece to default, we would have given away the money and would not be getting it back. Am I correct?

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