Dáil debates

Thursday, 3 July 2014

Other Questions

Banks Recapitalisation

11:10 am

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

The Minister has had three years to put out the fire, and while he has been talking about putting it out, he has not put any water on it. The talk about putting out the fire and these great, grand actions comes not from this side of the House but from the Minister's retiring colleagues. We were told it was a game changer and a big deal. The Minister had said a technical paper was being prepared and I understood the Minister for Social Protection, Deputy Burton, was examining a paper submitted by Professor Karl Whelan on the issue. Although we were told there was a strategy in place, it seems it is a wait and see situation. Does the Minister anticipate that next year, on the third anniversary of the deal with the European Council, we will be any further down the road or have any further idea of when we will be recapitalised?

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