Peter Mathews (Dublin South, Independent) | Oireachtas source

No.

There are €25 billion worth of bonds in Professor Honohan's drawer. They are contaminated, toxic bonds and they should be cancelled. My proposal is that 26 people, one from each county in Ireland, from the committees or the Oireachtas, should arrive at Professor Honohan's offices and ask him to give them the keys and say they want those €25 billion in bonds and that they are going to make a telephone call and tell Mr. Draghi that this is not valid debt but losses that have been imposed unilaterally in a strong-armed, head-locking manner from a busted bank onto the people of Ireland. Even Tim Geithner, in his recent book, admits this if one reads between the lines. It is wrong. The amount of €25 billion can be allocated to projects for which funding is required - €10 billion for the water reservoirs, treatment plants and pipes that need to be reconditioned, remodelled and rebuilt, which would leave €15 billion for other capital projects and support for the social protection that has been ripped out of the lives of too many people - those who are vulnerable - during the past four years.