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

Photo of Paschal DonohoePaschal 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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