Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The promissory note structure that was put in place back in 2010, can you explain the logic behind that structure at the time - an overall commitment of over €30 billion, over €3 billion to be paid every year for ten years or so? Can you explain why that structure was put in place and what, in your view, were the advantages of doing it that way from the State's point of view?