Oireachtas Joint and Select Committees
Wednesday, 26 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Draft Heads of Central Bank Bill 2014: Department of Finance
4:45 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To clarify, Ireland is putting in money now from the Central Fund, in anticipation of a profit we will make on the redemption of the bonds. If the bonds were not redeemed, for whatever reason, that is, were Greece to default, we would have given away the money and would not be getting it back. Am I correct?