I have not asked the Central Bank of Ireland to allow IBRC to delay repayments of the Emergency Liquidity Assistance (ELA) provided. The Deputy will be aware that while there is an implicit link between the current repayment schedule on the Promissory Note and ELA there is no specific repayment schedule, as such, in relation to ELA. Any discussions in relation to ELA would of necessity have to include the ECB. As I have indicated, I am committed to reviewing the approach to the Promissory notes with a view to reducing the overall cost to the State of correcting the banking system. The troika have agreed to engage in a process with Irish Officials to produce a common paper which will consider all options for restructuring the notes in terms of the source of funding, the duration of the notes, the interest rate, etc.
In tandem with this technical review I have commenced an intensive campaign at political level to garner support for an approach which is more beneficial to the Irish State. The Minister has met with Commissioner Rehn and Mario Draghi, President of the European Central Bank last week to progress the matter.
Given the nature of advocacy and the decision making process in the EU, I would not expect this matter to be concluded in the short term.