Brian Lenihan Jnr (Dublin West, Fianna Fail)

The strategy on the pension fund, which was signalled by Deputy Rabbitte in the original debate on the guarantee — for which I give him credit — is that Irish pensioners, from 2025 onwards, can participate in the upswing in the Irish banking sector which will, inevitably, happen when the reform and repair of the Irish banking system takes place. It is a good investment for the pension fund to invest in the banks that have prospects of an upswing.

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