Eamon Gilmore (Dún Laoghaire, Labour)

It is unbelievable that at the very time it was introducing a blanket guarantee, the Government was not aware such inter-bank lending arrangements were taking place before our very eyes. The Taoiseach made a very interesting comment on the day of the bank guarantee, to which I refer. The Taoiseach stated he would expect that the banks would help each other out. I remember that comment, because I remember putting the question as to whether the taxpayer would end up having to pay. The Taosieach stated that the banks would help each other out.

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