Ms Loretta Glucksman:

The Ireland Funds met Carl Kaplan, the head of Korat, an identical model which has operated in Israel for 20 years. It has raised $300 million and its negative rate is 1%. It has generated more than 50,000 jobs. Its track record is beautiful and it is a very cohesive model. As Mr. Flannery stated, the real job will be getting people to sign up to this and getting the constituency we want to challenge to participate during this very difficult time in Ireland when there are no obvious sources of new money. This is staring us in the face to be utilised somehow, and the fact there is a feasible working model with a twenty year history is a very strong point.