51. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 157 of 30 April 2013, the reason the Central Bank of Ireland purchased the 2025 Irish government bond which was retained by Bank of Ireland; the reason this bond did not remain retained by Bank of Ireland; if he will explain if the Central Bank of Ireland is allowed purchase up to €3.1 billion of Irish government bonds and return the interest on these bonds to the Irish Exchequer; the reason the Central Bank of Ireland does not continue to engage in such practice for the foreseeable future in tranches of €3.1 billion of acquisitions per year; if he will explain how the Central Bank of Ireland purchasing rather than swapping as was the case with the promissory note restructuring of Irish government bonds from Bank of Ireland does not breach Article 123 of the Treaty on the Functioning of the European Union; if he will detail the way the Central Bank of Ireland financed this purchase and the available finance the Central Bank of Ireland has to conduct similar purchases of Irish government bonds on an annual basis of up to €3.1 billion in the future; and if he will make a statement on the matter. [21923/13]

Summary

51. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 157 of 30 April 2013, the reason the Central Bank of Ireland purchased the 2025 Irish government bond which was retained by Bank of Ireland; the reason this bond did not remain retained by Bank of Ireland; if he will explain if the Central Bank of Ireland is allowed purchase up to €3.1 billion of Irish government bonds and return the interest on these bonds to the Irish Exchequer; the reason the Central Bank of Ireland does not continue to engage in such practice for the foreseeable future in tranches of €3.1 billion of acquisitions per year; if he will explain how the Central Bank of Ireland purchasing rather than swapping as was the case with the promissory note restructuring of Irish government bonds from Bank of Ireland does not breach Article 123 of the Treaty on the Functioning of the European Union; if he will detail the way the Central Bank of Ireland financed this purchase and the available finance the Central Bank of Ireland has to conduct similar purchases of Irish government bonds on an annual basis of up to €3.1 billion in the future; and if he will make a statement on the matter. [21923/13]

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• Government Bonds

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