Eamon Gilmore (Dún Laoghaire, Labour)

The taxpayer is burdened with a huge level of bank debt. The Government is seeking to alleviate that burden - to get a deal on bank debt which is in the best interests of the taxpayer - and we have made some progress in that regard. We have secured a reduction in the interest rate and an agreement on the promissory note for 2012 which is replaced by a long-term bond.

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