Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I thank the Minister for his reply. Given the low bond yields and given that we are now moving into the ten-year period regarding the IMF loan, would the Minister consider some technical options that might be available for paying down the IMF loans early and then suggesting to our partners in Europe that it would be good for Ireland, our economy and Europe if we could restructure these things - we would not be running away from our obligations? It would be favourable if the sequential condition in terms of the repayment of loans to the UK, Denmark, etc., could be renegotiated in light of our ability to borrow at much lower rates on the bond markets than we are paying in interest rates to the IMF in particular.

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