Oireachtas Joint and Select Committees

Wednesday, 12 December 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Taxation Agreements: Motion

2:30 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

This is the last question. The Minister of State said we have put €20 billion into the banks. That investment is now worth €8 billion. Is that not because he sold our share in the Bank of Ireland for a song? Why is it his Government's strategy to use our money to nurse the banks back to health and then sell them for nothing to private interests rather than holding on to them when they return to profitability so those profits could come back to the State?

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