Brian Lenihan Jnr (Dublin West, Fianna Fail)

Can I finish the answer? It would be faced with an immediate call, and the State would be faced with an immediate call as well.

With regard to the promissory note, it was approved by the Government last Tuesday and by the European Commission. That is the sequence of events. There is no hidden commitment or secret agreement or understanding. There is, of course, the working through of the accounts of the body. That had to take place, by way of forward planning, so the announcement could be made by the due date so financial stability could be maintained in our banking system.

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