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Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: I am aware of that.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Will that be about €3 billion a year-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: -----when all the notes are issued?

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: That is the interest whereas the capital sum is approximately €3 billion a year.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: No, the Minister is wrong.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Yes, but-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: We need a PowerPoint presentation on this.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Will the outturn for this year be higher because of the €700 million adjustment in respect of interest this year?

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: No.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Yes, I think it would help-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Not everyone would agree because-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: -----there is a longer period of zero-rated bonds.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: I want to ask another question.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: The Minister should read their reports. I do not think he has anyway.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Is the Minister sure he does not want to consider astrology?

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: Some of the Minister's outcomes sound like that.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: The interest rates relate to the banking crisis. The Minister's analysis is faulty.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: The interest rate has doubled.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: He wrecked confidence in Ireland.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Joan Burton: That is what the Minister did. He collapsed the country.

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