Pearse Doherty (Donegal South West, Sinn Fein)

The programme for Government and the Fine Gael general election manifesto referred to burden sharing in respect of banking debt. We are to have burden sharing and the Taoiseach has clearly stated in one of his first addresses that there will be no additional money put into the banking system other than the money already committed. We will have the stress tests later next week which will probably require us to put in additional money. On the Taoiseach's word, that will not be forthcoming until burden sharing takes place. Legislation will be required to have burden sharing on senior bondholders.

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