Michael Ahern (Cork East, Fianna Fail)

Yes. Will the Minister explain what effect defaulting on senior bondholders would have on the nation? We hear many claims by the Opposition and others outside the House that we should default.

Approximately 40,000 people work in the banks. They are not all bank directors, chief executives and so on. Has a study been carried out on the effect of changes in our banking system on these employees? They have mortgages, education debts and so on like everyone else and are concerned about their futures. What are the Minister's opinions on these issues?

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