Seanad debates

Wednesday, 6 October 2010

3:00 am

Photo of John Gerard HanafinJohn Gerard Hanafin (Fianna Fail)

Even on the way to the Chamber today, I heard it reported in all seriousness that the price of Irish bond yields had reduced from 6.43% to 6.4%. We are not on a variable rate. We do not have to accept any particular price. We buy the bonds at the price at the time. The Government has made clear that we are not in the market for bonds until the middle of next year so why is this nonsense being perpetrated when we had much worse difficulties in the 1980s and we got through them properly?

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