Written answers
Wednesday, 27 February 2013
Department of Finance
Promissory Note Negotiations
Micheál Martin (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he proposes to discuss the promissory note at the next EU Council meeting; and if he will make a statement on the matter. [2300/13]
Micheál Martin (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he has discussed the promissory note with any of the EU leaders since Ireland took over the EU Presidency; and if he will make a statement on the matter. [2316/13]
Micheál Martin (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he has discussed the issue of the promissory note at any of his recent bilaterals with EU leaders; and if he will make a statement on the matter. [5092/13]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 71, 73 and 83 together.
The negotiations surrounding the promissory note have been conducted over several months. I took the opportunity to raise the matter with my EU colleagues whenever the opportunity was afforded me. I impressed on colleagues the importance of putting in place long-term stable funding as a means of greatly enhancing our debt sustainability. As the Deputy will be aware, the outcome was very successful from an Irish point of view.
I do not intend raising this matter at the next meeting of ECOFIN as we have reached a very satisfactory solution.
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