Seanad debates

Thursday, 17 July 2014

National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages

 

2:15 pm

Photo of Kathryn ReillyKathryn Reilly (Sinn Fein) | Oireachtas source

The section allows the Minister to bail out banks. The National Pensions Reserve Fund, NPRF, should not be liable to be raided any time a bank gets into trouble, regardless of the circumstances. The Minister of State referred to the public interest but this is not an appropriate fund for such money to come from. We should not have a section that has the potential to drain money from the fund. I, therefore, oppose the section.

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