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

I am sure the Taoiseach has read the communiqué from the Eurogroup in ECOFIN meetings. A section of that talks about the stress test of the banks next year across Europe and the fact that the bail-in mechanism is not available. It calls on national parliaments to bring forward their own legislation for the bail-in, which would allow for senior bondholders to be burned. The Taoiseach previously told the House that he does not want "defaulter" written on his forehead but, given that Europe has asked that this legislation be brought forward and that senior bondholders could be in a position to be burned, when is the legislation likely to come before this House?

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