Dáil debates

Thursday, 31 March 2011

10:30 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)

I appreciate the earlier response to allow for a further and more in-depth debate on the results of the stress testing of the banks, possibly next week. The Tánaiste will be aware that the stress tests only deal with four of the guaranteed banks and the State is transferring €2.53 billion to Anglo Irish Bank and a further €0.5 billion to the Irish Nationwide this morning. This is aside from what will happen on foot of the results of the stress tests, which will be announced at 4.30 p.m. Given the fact that €3 billion is being transferred by the State to these zombie banks that do not have deposits, will there be an opportunity to discuss the issue of the promissory note that was given to these banks and the fact that €3 billion is to be given to these banks every year for the next ten years?

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