Dáil debates
Thursday, 7 February 2013
Promissory Notes: Statements
3:15 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Every single year for at least the first 25 years when the bonds start to be redeemed, there will be approximately €1 billion of interest to be paid. At the end of the process we must pay back the total value of the bonds. What the Government has done is double the cost of bailing out Anglo Irish Bank.
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