EU-IMF Agreement

Dáil Éireann Debate, Wednesday - 1 February 2012

Wednesday, 1 February 2012

Ceisteanna (27)

Richard Boyd Barrett

Ceist:

27 Deputy Richard Boyd Barrett asked the Minister for Finance if he will report on the views expressed last year by US Treasury Secretary Timothy Geithner on the issue of repaying senior and junior bondholders and his response to the question of whether the US Treasury Secretary, as previously reported, intervened to oppose proposals to impose a “haircut” on senior bondholders in the Irish banking system; and if he will make a statement on the matter. [5610/12]

Freagraí scríofa

Minister for Finance (Deputy Michael Noonan)

As described previously in answer to Parliamentary Questions No. 152 of 17th May 2011, No. 58 of 2nd June 2011, and No. 30 of 5th July 2011, the Government's decision to repay senior bank bond holders was made in consultation with the ECB and other ‘Troika' members. Ireland is not a member of the G7 and there were no direct discussions with Mr. Geithner on this matter.