Oireachtas Joint and Select Committees
Thursday, 28 February 2019
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2019
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of An Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 4 - Central Statistics Office (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)
Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source
Therefore, one needs to have large capital ratios to insulate oneself for when things go wrong. Maybe the Deputy is absolutely right, but we just need to bear in mind those factors. We need to protect people's small savings in the credit unions and we need to make sure that any interest rate that the Government would pay to borrow for development would not be a high one. It would make no sense to borrow for 3% off the credit unions when we could borrow for 1% or less from the EIB.
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