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

The liquidation process of Irish Bank Resolution Corporation, IBRC, the former Anglo Irish Bank, and Irish Nationwide, is ongoing. It has been reported recently by Joe Brennan in Bloomberg that once more bondholders may get paid around the same time as water bills will drop through the letterboxes of families across this State. Can the Minister reassure us that it is unlikely that junior bondholders in the former Anglo Irish Bank and Irish Nationwide will be paid from the liquidation, that any surplus assets from the liquidation process will come to the Irish State and therefore the Irish people and will he outline his expectation in this regard when the matter comes to a conclusion?

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