Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will come back to Greece. Can the Deputy give me an example of a country that pursued a write-down of its debt, either through a multilateral or unilateral action, that then resulted in its having a lower interest rate on its short- to medium-term borrowing? He referred to Greece. Greece has been through the largest debt write-down in the history of economics. Has he seen any reduction in the interest rates on its borrowings?

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