Michael McGrath (Cork South Central, Fianna Fail)
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What is Dr. Donovan's understanding of the nature of the efforts that were made in November 2010 during the negotiation of the bailout programme and subsequently when the new Government came into office in the spring and summer of 2011 to impose losses on those senior bondholders? What is his understanding of the nature of the resistance to those efforts? Who did that resistance come from? Maybe Dr. Donovan could put some flesh on those bones.