Pearse Doherty (Donegal South West, Sinn Fein)

Given that Irish Bank Resolution Corporation is owned by the State and the Department of Finance is the Department which, on 31 March this year, will sign a cheque for €3.1 billion to that bank, I presume that there are talks between both of them on how much this will cost and the cut-off point for this promissory note. Given that the Minister for Finance, Deputy Noonan, had the talks with Mr. Trichet and Mr. Rehn on 17 September last to set up these technical talks, I presume that such information is already available. Five months on from the agreement to have these technical talks on the promissory note, the least we would have is a good assumption - that is all it can be - of the total cost to the State. Wrapping everything up together, what is the amount the State needs to transfer to Irish Bank Resolution Corporation to meet its liability?

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