Pearse Doherty (Donegal South West, Sinn Fein)

A little bit more homework by the Minister would not go astray to help the functioning of this House. He stated he does not know how many people in the State will be affected by the legislation. He cannot even give an estimate although the number is probably in the hundreds of thousands. He told us today how much money will come into play but not how many people will be impacted.

What percentage of the €738 million that the Minister estimates is required under the fund pertains to insurance in the North and Britain? It was our understanding that the vast majority pertained to those locations.

My third question is simple. Is the bondholder who is being paid in the order of €80 million next Wednesday and who will have a call of €120 million regarding three hotels an Anglo Irish Bank bondholder? If so, is that bondholder guaranteed under the State guarantee?

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