137 Deputy Paschal Donohoe asked the Minister for Finance the amount of ECB funding for the covered Irish financial institutions that has been replaced into three year ECB funding subsequent to the three year ECB LTRO auction on the 21 December 2011; if the provision of three year term funding means the pillar banks and Irish Life and Permanent are no longer being forced to deleverage as quickly as originally envisaged in the deleveraging programme detailed in the EU-IMF memorandum of understanding; and if he will make a statement on the matter. [3564/12]

Summary

137 Deputy Paschal Donohoe asked the Minister for Finance the amount of ECB funding for the covered Irish financial institutions that has been replaced into three year ECB funding subsequent to the three year ECB LTRO auction on the 21 December 2011; if the provision of three year term funding means the pillar banks and Irish Life and Permanent are no longer being forced to deleverage as quickly as originally envisaged in the deleveraging programme detailed in the EU-IMF memorandum of understanding; and if he will make a statement on the matter. [3564/12]

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• EU-IMF Programme

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