Dr. Donal Donovan:

I cannot say whether Dr. Mody was referring to, or intended to refer to, the legal definition or to the commonly used phrase. The term "odious debt" has been around for quite a long time. It is commonly used by people in the international community to refer to a particular kind of debt that was incurred to buy weapons or arms or to secrete funds in Switzerland. I am not disagreeing with the definition the Deputy has read. It is the first time I have seen it. I cannot say what Dr. Mody was referring to.