Brian Lenihan Jnr (Dublin West, Fianna Fail)

There is a very large number of questions and I shall try to deal with them as they were posed. Deputy Barrett raised the whole issue of moral hazard, which is a serious question, I accept. However, to take the example of Anglo, as I have already outlined, the €70 billion relates to liabilities to the European Central Bank, to our own Central Bank, to depositors and to those who have loaned money in good faith to this institution, on the same basis as any other creditor and not on a subordinated basis. Ireland cannot afford to default on that scale, it is as simple as that.

Clearly, the protection against moral hazard is the system of regulation which we are all discussing in this House. We shall have ample opportunity to discuss it in the legislation before the House already on the Central Bank reform Bill and further amendments to the Central Bank legislation.

Deputy Terence Flanagan raised the question of the draft business plan, which I am advised by NAMA, will be published by June. I am sorry — was it Deputy English or Deputy Flanagan who asked that?

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