Dáil debates

Tuesday, 14 October 2008

3:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

On the same issue, there is scope for further consideration by the Whips of the possibility of arranging a committee-style discussion on this issue. People who might like to ask questions as part of such a debate might not get an opportunity to do so if the discussion were to be along the lines of a Second Stage debate. I differ from Deputy Gilmore on this point. As the legislation has been passed by the Dáil and the Seanad and signed by the President, it is now the law. That Act of Parliament authorises the Government to introduce a scheme. The scheme in question has received the approval of the European Commission. Therefore, from a technical perspective, this House will be asked to accept or reject the scheme on Friday. That is my understanding of it. I thank the Taoiseach for clarifying that the Government does not intend, at this point, to put up borrowings from the taxpayer as capitalisation for any financial institution.

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