Micheál Martin (Cork South Central, Fianna Fail)

Last June the Minister for Finance, Deputy Michael Noonan, announced that the Government had a plan which he would bring before the House to impose substantial losses on senior bondholders in Anglo Irish Bank and the Irish Nationwide Building Society. He added that he did not think the taxpayer should have to redeem what had become speculative investment. Will the Taoiseach confirm whether that plan is to be brought before the House or has it been abandoned because European authorities are dead set against it, as the Minister for Finance said on Friday? Will the plan be brought before the House?

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