Kieran O'Donnell (Fine Gael) | Oireachtas source

I have two very quick questions following on from that. Was the restructuring of the promissory note just as important as the promissory note? Prior to the restructuring of the promissory note, the State paid €3.1 billion in 2011, which came out of current spending and had a drastic effect on the resources available. I know that there is interest on the moneys being borrowed but did the restructuring in 2013 not remove the need for that draconian measure and alleviate the pressure on the State in the context of what it could allocate per annum regarding day-to-day expenditure for services for ordinary citizens?