Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

-----and there is a minimum timeframe for it to do that. However, the ECB retains the right at any stage to demand that it disposes of all of its bonds or does so at a quicker rate. The Minister made much of the fact the rate, given the margin of 2.63% plus Euribor, is just less than 3%. Professor Brian Lucey pointed out in his blog that the average Euribor rate over the last 20 years was 4%. We are at an all-time low and not even the Minister would believe that we will see that type of rate continue in the coming years. If we hit the average rate at any time in the next couple of years, we are talking about 6% to 6.5% of-----

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