Oireachtas Joint and Select Committees

Tuesday, 5 February 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

 

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Given the charges and what we think we have learned from the past about not spending money we ultimately might not have, and if we were to lose the case, many other countries across the European Union and the world would come looking for that €14 billion. The Deputy knows it is not open to me to spend it because he understands what would happen in the event of our losing the case.

The Deputy is right to say payment was made to those bondholders after everyone higher up the creditor hierarchy was also paid. He also will be familiar with the successful efforts to try to get money back in respect of the different issues we had to deal with in the context of the collapse of our banking sector. He is aware of all this, but I know these charges-----

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