Kieran O'Donnell (Fine Gael) | Oireachtas source

We suddenly find this is now coming back within three years. The ECB told us that as Ireland refinanced its debt in terms of the IMF programme or any of the other bailout programmes, it would put pressure on the Irish Central Bank to, for want of a better term, tear up the promissory notes. It regarded it as quantitative easing but the ordinary taxpayer is still left with the burden of the €30 billion.