Pearse Doherty (Donegal South West, Sinn Fein)

Previously on the Order of Business, when I asked the Taoiseach about legislation to give effect to the programme for Government commitment in respect of burden-sharing with senior bondholders in Anglo Irish Bank, he replied that the Government would wait until after it had discussed the matter with the ECB. Will the aforementioned legislation pass through both Houses of the Oireachtas before 2 November, when a non-guaranteed bond for three quarters of a billion euro will mature? Will there be enough time, if the Government gets approval from the ECB, to impose burden-sharing on that bondholder in respect of the aforementioned bond for three quarters of a billion euro? It is due to mature seven weeks after the Dáil reconvenes after the summer recess.

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