Kieran O'Donnell (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

To be more specific, direct recapitalisation in terms of current activities for banks appears to be relatively straightforward. I wish to deal specifically with the Irish situation, our banks being in a sound position, and the possibility of retroactive recapitalisation. If that were to become an option, what is the process the Minister sees developing in Europe? Guidelines have been put in place for current recapitalisation but not retroactive recapitalisation. Were Ireland to consider making such an application, given views that have been expressed and the fact that Europe has not put in place a mechanism, that is, guidelines, in terms of retroactive recapitalisation, how does the Minister anticipate this evolving in order that Ireland can be in a position to consider making such an application?