Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will confirm if a technical paper on resolving Ireland’s bank-related debt was ultimately finalised in conjunction with the bailout Troika of the IMF, EU and ECB for submission to principals of the Troika as indicated by An Taoiseach when he stated the troika stated it would produce a technical paper on this issue which is of such importance to the deficit and to our capacity to repay our debts; if such a technical paper was finalised; if he will provide the date it was finalised; if he will set out his plans to publish this document; and if it was not finalised, if he will provide the reason or reasons for that inaction. [6622/13]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if a specific technical paper has been produced on the promissory notes by the Troika and the Government. [6623/13]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 205 and 206 together.

As the Deputy is aware, this Government reached a conclusion to its discussions with the European Central Bank last week that delivered on our commitment to put in place a fairer and more sustainable arrangement on the IBRC Promissory Notes. Last week also saw the remnants of Anglo Irish Bank and Irish removed from the financial and political landscape.

The Irish Government has been working extremely hard to secure a deal on the Irish bank debt and in particular, in recent months on the issue of the IBRC Promissory Notes. This involved intense discussions with the ECB on all options in relation to the promissory notes, such as the source of funding, the duration of the notes, the interest rate applicable, the structure of repayment etc. These engagements with our European partners took on a number of forms and the proposal developed over time. A single technical paper was not the sum total of this process, given the scale and complexity of the matter. Needless to say, the announcements last week reflect the finalisation of this work.

I am satisfied that every available and appropriate opportunity to advance Ireland’s position in relation to legacy bank debt with our European partners has been availed of and that every effort to maintain the issue of the remaining Irish bank debt at the top of the European agenda will continue to be made.