Tommy Broughan (Dublin North East, Labour)
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To ask the Minister for Finance the progress made in negotiations on a deal to restructure the Anglo promissory notes; and if he will make a statement on the matter. [50297/12]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt and detailed work will continue to ensure that the positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer. This is on the back of the Euro Area summit statement of 29 June of this year and the on-going work is one of the Government’s key priorities. A significant item on the agenda in all discussions is the issue of the promissory note. I am glad to say that we meet with strong appreciation of our situation and we are able to have very constructive dialogue on our approach to this question. As discussions are on-going, it is not possible at this point to give a more detailed update or guide on the potential timing of any agreed approach but we will be continuing our engagement with the troika and our partners in the European Union with a view to a satisfactory resolution of this issue and other related questions.