Derek Nolan (Galway West, Labour)

As the Government has indicated, €6 billion of that amount will come from subordinated debt holders, so, if one was to be honest, one would already say "€18 billion" in one's public contributions. Some of that capital requirement will be met by the selling of assets from those institutions and the Government is still in negotiations with its European partners to find another way of addressing those capital requirements.

See this speech in context