Enda Kenny (Mayo, Fine Gael) | Oireachtas source

With regard to the decision of 29 June to break the link between sovereign debt and bank debt, following that on the single supervisory mechanism, the ECOFIN group started its discussions on this matter. When the matter of an extension of the mortgage situation for Portugal and Ireland in the same way as that applied to Greece was raised, the principle was accepted and it went to the working group for further consideration. If that is to happen, it would be separate from the recapitalisation discussions. I imagine it would be worth more than the figure mentioned by Deputy Martin but I would rather not put a figure on it. The important thing is the acceptance of the principle and the discussions that will follow. Clearly, if it is agreed and it can be followed through, it will be of substantial benefit to the country.

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