Kieran O'Donnell (Limerick East, Fine Gael)

It is not a misrepresentation. This runs contrary to his advice to the private sector in terms of properly funded pension schemes. He is taking over assets and unquantifiable liabilities. Will the pension liabilities he is taking from the semi-State non-commercial bodies be put under the management of the National Treasury Management Agency? Will he give us an assurance this is not being used as a mechanism to enable the Government to borrow recklessly while appearing to satisfy the EU's general borrowing requirements?

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