Brian Lenihan Jnr (Dublin West, Fianna Fail)

Deputy Burton also tabled an amendment seeking quarterly information. Ireland's initial contribution will be made as part of the next loan disbursement during the third quarter of 2010. Deputies Burton and O'Donnell both propose that the annual reports be submitted quarterly. The granting of loan disbursements to Greece would at all stages be subject to its compliance with the conditionality requirements. In the circumstances, I am satisfied that an annual report will provide full and timely information on our contribution. If there were unforeseen developments in relation to the loan facility, I would report sooner and the information would be in the public domain. The multiplication of this requirement above and beyond what is in the agreement is excessive.

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