Michael Noonan (Limerick City, Fine Gael)

First, I agree with the Deputy's summary of the various groups that took losses as a result of the collapse of the Irish banking system and it is good to have them put in summary form like that. I refer to the problem of the taxpayer being the last in line and accepting the total burden because the bondholders have the support of the ECB. That is as a result of the deal the previous Government did on the night in question, which was the time to have done a better deal to share the burden.

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