Brian Cowen (Laois-Offaly, Fianna Fail)

In the meantime, as NTMA has done time out of number, we have put together a team of people who will work through the National Asset Management Agency management of that portfolio on the basis of the criteria we outlined.

It was made very clear, at the very first press conference in NTMA, despite what the Deputy suggested about there being something new, that performing assets as well as non-performing assets would be required because we want to make sure, when we get the bonds from the ECB, that the cost of servicing them and the ECB for them is paid for by those who have the debts and not the taxpayer, as would be the case if we went down Deputy Gilmore's road.

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