Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Are the payments finished? The officials might give the committee the breakdown of the figure. I suspect we are well over the €200 million; I do not know. The officials might give the breakdown of who got the payments between the IMF, the ECB and the Commission. They can send that on.

Another schedule the officials can send on is that of the loans we drew down from the three different groups and the repayment schedules as to who gets paid. I think some are being paid early. That information can come through the committee secretariat.

Now that we are talking about the national debt, Mr. Moran's document states that the average cost of funding was about 4%. We all hear how low it is to borrow, yet if the average is 4% there must be quite a lot much higher than that. The officials might send us a note on the ten most expensive loans we have. Are we still paying 7% or 8% on some debt? The obvious question is why we are not replacing those debts with cheaper ones.

I am trying to give the officials my questions and I am happy for the answers to come back after the meeting. I have only one question I would like answered here. As regards the banks' support by the taxpayer, the officials are saying the three banks that are still alive will hopefully cover themselves. The €34 billion or €35 billion that the taxpayer has put into the banking system, mainly into Anglo Irish Bank and Irish Nationwide, was in effect a write-down the taxpayers did to save the banks. The officials might give us a breakdown of that between what went to the corporate business sector and what went for write-downs of personal mortgages. I have a feeling it all went to business. How does Mr. Moran see the proportion? Very little of it seems to have gone for individual mortgage holders compared with the corporate end of things. Do the officials think it was a fair proportion?