Pearse Doherty (Donegal South West, Sinn Fein)

Clearly the Minister did not get the chance to finish his contribution but I will read the Official Report on the overall level. I presume the detailed breakdown will be provided in that.

What discussions have taken place between the Department of Finance, the ECB and the Governor of the Central Bank to have the ELA changed from two-week funding to long-term funding? It has been claimed such a change would greatly assist our banks. However, there has been no discussion about it. Why is the ECB reluctant to provide long-term and medium-term financing to our banks?

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