Brian Cowen (Laois-Offaly, Fianna Fail)

The Financial Regulator has kept the Government briefed on the report, which was a work in progress until today. The Governor of the Central Bank and Financial Services Authority of Ireland will be meeting the Minister for Finance later this afternoon — if he has not already done so — to outline the position in full. It is important to point out that despite many statements to the contrary there is no question of impending insolvency in our banks. On the question relating to the requirements of Irish businesses, the Labour Party voted against the State guarantee scheme.

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