Dáil debates

Wednesday, 1 December 2010

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed)

 

5:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

There were so many questions I am trying to catch up with them. First, it is not correct to state, as Deputy Burton suggested, that the Government is not imposing burden sharing on bondholders. It is very clear if Deputy Burton reads the report that this is one of the first steps that is being taken under the programme. It is an action for the first review, where burden sharing by holders of subordinated debt - junior bondholders-----

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