Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

The key point in section 42 of the legislation is "where, following consultation with the Central Bank, the Minister is of the opinion that the performance of the functions so provided is necessary in the public interest". It must be for either or both of the following purposes: to remedy a serious disturbance in the economy of the State and-or to prevent potential serious damage to the financial system in the State and ensure the continued stability of that system.

It is prudent to have this provision but the intention of the fund is to create employment and improve the economy, as the Deputy said.