Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Welcome, Minister Noonan. The initial projected cost of the bailout has subsequently been mitigated by reductions to interest rates and various loans making up the bailout package. Okay, this is Vol. 1, page 139 to 140. Can you quantify the total savings arising to date as a result of the interest rate reductions? Can you outline any major obstacles encountered in securing these reductions, and are there any further opportunities to achieve savings from repackaging or restructuring these loans or have the possibilities for doing so now been exhausted?