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

No. I have always said that we have no long-term interest in having a State banking system. The policy is that when the time is right, the values are right and the economy is going well we will put the banks back into private ownership. That is how we got the private investment into Bank of Ireland originally. We are down to 14% currently but we made it very clear that we wanted a functioning private sector banking system.