Michael Noonan (Limerick City, Fine Gael)

Deputy McGrath might not like it but he should not accuse me of having a different position and when quoting me, he should do so in context.

In the period from the introduction of the guarantee in September 2008 and 31 December 2010, the previous Government allowed substantial repayments of around €20 billion of senior debt for IBRC so it will stick in my craw when Deputy McGrath gets up tonight and does his moaning about paying back bondholders last week when his Government already paid back €20 billion to bondholders in Anglo Irish Bank.

See this speech in context