Dáil debates
Wednesday, 22 February 2012
State Banking Sector
3:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
Yes. If the promissory note did not exist our debt to GDP ratio would decrease, which would entice investment back to our country because it would then clearly be sustainable. Will the Minister of State accept that the promissory note is being paid by this State to Anglo Irish Bank, which is an organ of the State, which then pays the money to another subsidiary of the State, namely, the Irish Central Bank which does nothing other than destroy it?
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