I am sure the Taoiseach has read the communiqué from the Eurogroup in ECOFIN meetings. A section of that talks about the stress test of the banks next year across Europe and the fact that the bail-in mechanism is not available. It calls on national parliaments to bring forward their own legislation for the bail-in, which would allow for senior bondholders to be burned. The Taoiseach previously told the House that he does not want "defaulter" written on his forehead but, given that Europe has asked that this legislation be brought forward and that senior bondholders could be in a position to be burned, when is the legislation likely to come before this House?

Deputy Pearse Doherty dealt with that with the Minister for Finance earlier on this morning.

Does the Taoiseach know when the legislation will be taken? Is it this term or next term?

I refer Deputy Pearse Doherty to the answer that he got from the Minister for Finance.

The Minister did not answer the question. This is the Order of Business in terms of promised legislation.

I am sure the Minister will follow-up on the question that Deputy Pearse Doherty asked.

Is there promised legislation?

Is legislation being brought forward?

The Minister for Finance will respond to Deputy Pearse Doherty in that regard. The Deputy raised it with the Minister this morning.

I call Deputy Fitzpatrick.

That is unbelievable. The Taoiseach will not even ask his officials whether there is legislation coming forward in this quarter or the next quarter regarding this matter.

Deputy Pearse Doherty spoke about the matter this morning.

I have asked the question on promised legislation.

Is it on the list?

Is legislation promised?

Deputy Pearse Doherty was on this already this morning.

It is promised legislation.

Then it must be on some list.

If it was on the programme list, then I would see it. It is promised legislation as the Minister for Finance signed up to that communiqué last week.

The Minister for Finance will respond, he has already stated, in respect of the legislation that is mentioned there.