Joan Burton (Dublin West, Labour) | Oireachtas source

Well, I certainly was mindful of what had happened in countries like Canada and Spain and, indeed, in Sweden and Finland. Sweden and Finland had both had bank collapses but they responded in a different way to our blanket guarantee. It still cost them a lot of money and it cost a lot of pain but it was a lot cheaper than the blanket bank guarantee in Ireland. Essentially, they took out the bad banks, and they then sought to shore up the other banks so as to keep the domestic banking situation functioning. So, you know, in terms of-----