Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The debate is continuing on these matters. I am suggesting that if the concept of flexibility is built in, it is possible to have supplementary national measures which would add to the toolbox available to all euro member states or European Union member states in the banking union.

Deputy Donnelly asked a question about pensions. I replied to a written parliamentary question from Deputy Donnelly about a particular constituent. I am relying on the liquidator's view of the law and his obligations in the way he treats various customers or former customers of IBRC. His definition, based on the help of the Central Bank, of what is and is not a deposit is the key issue. Only deposits up to €100,000 have the guarantee. If they are not deposits according to the definition of the Central Bank then he cannot honour the guarantee on them. There is a difficulty with that.