Enda Kenny (Mayo, Fine Gael)

The Deputy noted a number of the payments made. Because of the actions of the Minister for Finance, some €10 billion has been taken from subordinated bondholders to date and of the €24 billion laid out in recapitalisation, the NTMA reckons that approximately €5 billion can be taken from thit by further pursuit of subordinated bondholders. As has been made clear to the House and the nation, the Minister has pointed out that senior bondholders in Anglo Irish Bank are in a very different category than those in Bank of Ireland and AIB. In advance of further payments to Anglo Irish Bank, the Minister will discuss the matter with the ECB early in the autumn.

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