Dáil debates

Thursday, 31 March 2011

Banks Recapitalisation and Restructuring: Statements

 

6:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)

The liquidity has to keep flowing. The banks are being restructured. I am confident we will drive this restructuring forward and that we will again have a banking system based around the two pillars I suggested with some competition from foreign banks such as Ulster Bank. That side will build up and we can restore credit to the market again. Credit is the lifeblood of business and when we restore credit——

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