Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I hear what you are saying. It is a reasonable question to ask. This is a work in progress and, hopefully, greater clarity will be brought to bear before matters are finalised. Given what happened in Cyprus, people are entitled to ask where they stand as a matter of law - and will stand when the directive is finalised - in respect of any deposits they hold in excess of €100,000.