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

Our resolution has effectively been completed, and our banks are well capitalised. We do not envisage a bail-in coming on top of a bailout. We had a bailout and that is why we have the shares in the banks. This is for future cases when the policy has moved from bailouts, to which we all objected for a long time, to a bail-in system. Many people talked about burning bondholders during the election, and that is effectively what is happening now. The policy positions that the Deputy's party and my party and the Labour Party were advocating in opposition are the policies that are now in the resolution.