Michael McGrath (Cork South Central, Fianna Fail)

In his statement on banking at the end of March, the Minister for Finance, Deputy Michael Noonan, said that a decision on whether to impose losses on senior bondholders at Anglo Irish Bank and Irish Nationwide would await the final stress test results for those institutions. I understand the Central Bank has published those results today and the figures are unchanged; the total bill is about €35 billion.

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