Mr. Derek Moran:

I thank the Deputy. It was a remarkable deal. It was a remarkable resolution in the end, led by Ms Nolan and her team. As it has worked its way through, it has been very successful. At the end of the day, there will be a residual of just under €2 billion. ELG fees owed will probably be the biggest part of the outlay. One would hope the State will get some money back on behalf of the taxpayer. The timing of that will all depend on the resolution of something like 300 court cases which are pending. It will take time to work through but it has been a very positive thing. Notwithstanding that, we must always be cognisant of the fact that the liquidation of the bank means we are pretty much not getting back the money that went into Anglo Irish Bank. One has to recognise that on the other side of the balance sheet. Some €34 billion went in and it was liquidated. In terms of getting money back, the Department is working towards getting back the money it invested in the other banks, the living banks. It has been a successful project, however. There will be creditors for that €1.8 billion, with small amounts going back to local authorities, and larger amounts coming back to ourselves through the ELG and through the settlement of a range of issues. The Deputy is absolutely right that it turned out to be an extraordinarily well-run and effective liquidation, coming out with a very good result ultimately.