Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
ECOFIN Meeting: Minister for Finance
9:30 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I do not have the figure available to me on the average interest rate and our national debt, but I know that the figure is in excess of €200 billion. That figure is too high. The sale of AIB would offer the ability to gain back in total €12 billion, roughly based on current market valuation. That is a very significant change in our country's level of national debt.
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