Michael Noonan (Limerick City, Fine Gael)

There is an understanding that the figure will not be more than 50 basis points. If there was no margin, I would be telling the Deputy we would receive the EFSF money with a reduction of about 280 or 283 basis points. By using the figure of 260 basis points, I am allowing a margin. This is not yet exact and minor adjustment must be made at the end.

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