178. Deputy Peter Mathews asked the Minister for Finance if he will correspond with the President of the European Central Bank putting the ECB on formal notice that by way of matching and off setting the redemption by Allied Irish Bank of €1 billion unsecured bond on 2 October as a consequence of the legacy duress imposed on the Government by the ECB, he will consider as extinguished and cancelled an equivalent €1 billion of eurosystem loans to AIB, ECB loans/Central Bank of Ireland ELA loans; and if he will make a statement on the matter. [43251/12]

Summary

178. Deputy Peter Mathews asked the Minister for Finance if he will correspond with the President of the European Central Bank putting the ECB on formal notice that by way of matching and off setting the redemption by Allied Irish Bank of €1 billion unsecured bond on 2 October as a consequence of the legacy duress imposed on the Government by the ECB, he will consider as extinguished and cancelled an equivalent €1 billion of eurosystem loans to AIB, ECB loans/Central Bank of Ireland ELA loans; and if he will make a statement on the matter. [43251/12]

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• Bank Debt Restructuring

  xml · EN · 9 October 2012

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