Oireachtas Joint and Select Committees

Wednesday, 8 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

5:50 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

The €100,000 guarantee is common practice across the Union. Every country has it and it is standardised at €100,000. There is a possible difference of opinion on the definitions of a deposit and a pension. I do not want to give the Deputy a quick answer without getting advice and checking it out, particularly with the Central Bank. I can respond to the Deputy later.

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