Brian Hayes (Dublin South West, Fine Gael)

I ask the Minister to address the interest rate which will be negotiated. When does he expect the negotiations to be concluded? I presume an essential feature of the negotiations will be determining the interest rate we will pay for the loan facility. Given that the position of Ireland is significantly better than that of Greece in respect of a large number of macroeconomic statistics, surely we should pay significantly less than the 5% interest rate paid by Greece? I ask the Minister to provide some information on this matter.

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