Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I am looking at the calculation for every 1% change in the annual cost of servicing the debt. It is €500 million euro to service the debt. This is a very sizeable amount of money and it limits the State's scope to do other things. When it goes from 3% to 3.5% the 0.5% makes quite a bit of difference.

These accounts tell us that the National Treasury Management Agency, NTMA, has paid off the Danish and the Swedish bilateral debts. The UK debt remains. Is that €7 billion?