Dáil debates
Thursday, 30 September 2010
Announcement by Minister for Finance on Banking of 30 September 2010: Statements
10:30 am
Eamon Ryan (Dublin South, Green Party)
Unfortunately, I do not have a script. I am speaking extempore.
On the argument that we should just let our whole banking system go, we must have regard of a number of points. First, much of our expert advice, for example, from the likes of Professor Patrick Honohan in his report into this banking crisis, stated such an approach would have lead to catastrophic social consequences - massive unemployment and significant economic destruction. That is something one, when in Government, must take on board and take into account.
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