Dáil debates
Friday, 17 October 2008
Approval of Credit Institutions (Financial Support) Scheme 2008: Motion
2:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Deputy Coveney asked about the oversight reports. These will be commercially sensitive documents and the information contained in them cannot be publicly disclosed for that reason.
The Deputy also asked about the balance struck in the scheme and whether the State has too many powers in the absence of an equity participation. It is true that the State does not have an equity participation under the scheme, but the State is acting as sovereign guarantor. Part of the price on which the State is entitled to insist in return for that are the various requirements set out in the scheme.
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