Kieran O'Donnell (Limerick East, Fine Gael)

The Minister is contradicting himself regarding the draft business plan. He said earlier that Ministers are there to make decisions on the basis of the advice provided. He took a plan that was provided and presented it as Government policy. That plan was based on figures that were provided by the banks but were not examined by the Department in any way. When will the business plan be forthcoming? Will the Minister stand over that plan? Will he present it as a plan produced by someone else? What will be the eventual haircut in Anglo Irish Bank? We are hearing various reports of 50%, etc. What will be the eventual haircut? What does the Minister expect will be the final amount of NAMA bonds and subordinated bonds to be issued in respect of the whole NAMA process?

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