Joan Burton (Dublin West, Labour)

Do I hear a note of doubt entering the Minister's voice? Is he not closing off the possibility that the guarantee will, perhaps in piecemeal fashion, be extended after 29 September? The Minister appeared to confirm that all dated subordinated debt, the really risky stuff that we do not know why Fianna Fáil included it in the guarantee, is definitely out after 29 September. I hear doubt in the Minister's voice that would indicate he is thinking of extending the guarantee for the senior debt, even where it might not be part of the eligible liabilities scheme. In a way that scheme was the Minister's device to allow for the swapping of the senior debt into a new form of more limited, time structured guarantee. Is he thinking in that way?

See this speech in context