Peter Mathews (Dublin South, Fine Gael)

No, the banks owe the bond redemption. They have not got it. Why would they borrow to pay something they cannot pay back? That is an invitation for discussion. That is why it is important just to pause. When we pause, we do not actually default on a debt. When we ring up the bank and say we want a discussion, that is not a default, it is a discussion.

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