Oireachtas Joint and Select Committees

Wednesday, 3 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Review of ECOFIN Matters under Irish EU Presidency: Discussion

4:15 pm

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

The trouble is that when one keeps repeating a hypothesis, it suddenly becomes a reality. There is no evidence whatsoever that any of the Irish banks will need additional capital next year. What is certain is that there will be stress testing next year, but the Irish banks are very well capitalised. I have no evidence at present that they require any additional capital.