Mattie McGrath (Tipperary, Independent)
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I want to follow up briefly. I thank Mr. Ginnell and Dr. Healy and agree with everything they said.

Like them, I met the troika seven or eight times here in Ireland and I did not get any joy from it. I did not find any empathy about the situation. Even after Brexit, the tough talk heard from senior officials in the Commission was unwise on their part.

I have a question. Perhaps they got the answers from the troika or perhaps they found out. My understanding was that all those senior bondholders had their bonds insured. I am sure they had. They do not like having a flutter on a horse. That is up to the punter, whose €20 or whatever is gone if the horse came in last. I understand they all had their bonds insured. We are being penalised and they did not have to claim off their insurance policies.