Oireachtas Joint and Select Committees
Wednesday, 18 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Minister for Finance
5:25 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Currently, there is no active discussion with Frankfurt but it comes up periodically because it is in the agreement that the schedule could be accelerated under certain circumstances.
When interest rates come down and ten-year Irish bonds are trading at 2.4% or so, an argument could be made that this is an indication of stability in the market. The primary consideration for accelerating the sale was market stability. That is the connection, but that connection has not been put to us in any formal way. That is the theory underpinning it.
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