Dáil debates

Thursday, 8 October 2015

12:40 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

As a follow-up to a question I raised on the Order of Business with the Taoiseach yesterday - that is, the one-year bankruptcy Bill introduced by the Minister's colleague, Deputy Penrose - the Taoiseach kindly stated that he would get back to me, because it definitely needs consideration, and he sounded enthusiastic. The good news is that Deputy Penrose has told me that the Attorney General has cleared it in full for publication. I ask the Minister to bring all his Labour Party energies to bear with the Cabinet and get it published quickly, because it is interlinked with the housing crisis and all the other matters.

On another related matter, there is €26 billion in promissory bonds maturing out towards 40 years. This, of course, reflects what the second last witness who came before the Joint Committee of Inquiry into the Banking Crisis, Mr. Ajai Chopra, stated on the second last day of evidence: that the redemption of €8 billion in bonds to secondary market bondholders should not have occurred.

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