Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

Do we owe as much today as we owed yesterday? The key metric in assessing any benefit from the promissory note restructuring is the term extension, that is, the amount of extra time that the Government can secure to take advantage of rock bottom ECB financing rates. What is the average rate of interest and what is the term of the new bonds issued to replace the promissory note?

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