Brian Lenihan Jnr (Dublin West, Fianna Fail)

That is a fundamental objective behind the installation of the guarantee and is the reason the Government will continue to reform the banking sector, now that the guarantee agreements have been concluded with the individual institutions. As for the cross-indemnity issue, I repeat it was never the case under the scheme that there was a cross-indemnity. Deputy Burton is aware I never suggested there was such an indemnity. However, a general undertaking has been given by the Government that any deficiency would be levied on the financial sector.

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