Oireachtas Joint and Select Committees
Wednesday, 3 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Review of ECOFIN Matters under Irish EU Presidency: Discussion
4:05 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Okay, and it will base its choice on whether the banks selected are major banks or systemically important to the Irish economy. The Minister mentioned the bail-in and Deputy Donnelly also touched on that. Will the Minister tell us what effect the bail-in will have on pillar banks in which we have a shareholding - for example, AIB, which we nearly own completely, or Bank of Ireland? How will the bail-in affect our shareholdings, which are currently valued at approximately €8 billion or €9 billion?
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