Dáil debates
Wednesday, 19 May 2010
Euro Area Loan Facility Bill 2010: Committee and Remaining Stages
6:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Yes. On the substance of the Commission quarterly report to the lenders, which Deputies Burton and O'Donnell also raised, it would not be prudent for me at this stage to attempt to legislate in detail regarding the information which it would be appropriate to put in the public domain in respect of aspects of the bilateral loans which are provided for in the intercreditor agreements. However, I will request my officials to engage with the Commission and our colleague member states in regard to the appropriateness, confidentiality and possible market sensitivity of certain aspects of the information sought.
The loan agreements are based on quarterly disbursements to Greece. It is not possible to provide an expected schedule of future moneys at this stage. Overall, as I stated, the expenditure over the three year period cannot exceed €1.5 billion under the terms of the Bill. The intention is that as conditions improve Greece will be in a position to return to the markets.
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