Martin Ferris (Kerry North-West Limerick, Sinn Fein)
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To ask the Minister for Finance if he will provide an update on the ongoing negotiations with the Troika on the resolution of the Anglo Irish Bank promissory note; if the technical paper that was to be agreed in February 2012 has yet to be agreed; if it has not been agreed, the date on which he thinks it will be completed; the reason for the delay and the obstacles that are preventing agreement between the Troika and the Government on this issue. [50516/12]

John Halligan (Waterford, Independent)
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To ask the Minister for Finance if there is any further update on dealing with Ireland's legacy debt following the ECOFIN meeting; and if he will make a statement on the matter. [50523/12]

Tommy Broughan (Dublin North East, Labour)
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To ask the Minister for Finance the position regarding negotiations on a deal on the Anglo Irish Promissory notes; the proposed timeline for reaching agreement on the promissory notes; and if he will make a statement on the matter. [50268/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 33, 41 and 44 together.

As the Deputies are 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. A significant item on the agenda in all discussions is the issue of the promissory note. All options for restructuring the notes are being considered including the terms of the source of funding, the duration of the notes, the interest rate etc. This on-going work is one of the Government’s key priorities.

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.