Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
11:40 am
Shane Ross (Dublin South, Independent)
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Okay.
I ask Mr. Moran to deal with recapitalisation of the banks. The general Government and Department of Finance line is that recapitalisation of the banks as a result of mortgage arrears will not be necessary. Is that correct?