Mr. Brendan McDonagh:

It has set the repayment schedule on the NAMA bonds definitively up to the end of 2013 while Ireland is in the bailout programme and clearly has an interest post-2013, particularly the ECB, because the bonds we give to the banks are being used by the banks to get money from the ECB so it would have an interest in how quickly we can work it out. The ECB would be broadly aware of our plans to get all that done by 2020.