2 Deputy Pearse Doherty asked the Minister for Finance if in view of the fact that the European Council has agreed in principle to the separation of banking debt from sovereign debt, and agreed in principle to the possibility of ESM funds being used to directly recapitalise the banks, and agreed to consider the retrospective application of such funding in the case of Ireland, he will confirm that it is his intention to explore the possibility of European Stability Mechanism funds being used to directly refinance the Anglo Irish Bank promissory note; if he will remove the promissory note debt from the States debt to GDP ratio; and if he will remove the liability from the taxpayer for the repayment of this toxic banking debt. [32924/12]

Summary

2 Deputy Pearse Doherty asked the Minister for Finance if in view of the fact that the European Council has agreed in principle to the separation of banking debt from sovereign debt, and agreed in principle to the possibility of ESM funds being used to directly recapitalise the banks, and agreed to consider the retrospective application of such funding in the case of Ireland, he will confirm that it is his intention to explore the possibility of European Stability Mechanism funds being used to directly refinance the Anglo Irish Bank promissory note; if he will remove the promissory note debt from the States debt to GDP ratio; and if he will remove the liability from the taxpayer for the repayment of this toxic banking debt. [32924/12]

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Timeline

1. 5 July 2012

   Bank Debt Restructuring

   2 Deputy Pearse Doherty asked the Minister for Finance if in view of the fact that the European Council has agreed in principle to the separation of banking debt from sovereign debt, and agreed in principle to the possibility of ESM funds being used to directly recapitalise the banks, and agreed to consider the retrospective application of such funding in the case of Ireland, he will confirm that it is his intention to explore the possibility of European Stability Mechanism funds being used to directly refinance the Anglo Irish Bank promissory note; if he will remove the promissory note debt from the States debt to GDP ratio; and if he will remove the liability from the taxpayer for the repayment of this toxic banking debt. [32924/12]

   Source: oral

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• Bank Debt Restructuring

  xml · EN · 5 July 2012

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• Pearse Doherty · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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