Dáil debates
Tuesday, 26 March 2013
Ceisteanna - Questions (Resumed)
IFSC Clearing House Group
4:30 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Does the Taoiseach agree that the level of influence and privileged access given to the Clearing House Group is completely disproportionate to that given to other sectors? I ask that question with particular reference to what has happened in Cyprus. The people of Cyprus have learned to their cost what can happen as a result of over-reliance on a financial services sector that is involved in trading money across global markets, etc. We have also learned from Cyprus that it is possible to burn senior bondholders. We were told that could not happen here.
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