Dáil debates

Wednesday, 18 February 2009

 

Financial Institutions Support Scheme.

1:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

The Minister mentioned €225 million. I would have thought that after two quarters €250 million should have been raised at this stage, which indicates a shortage of €25 million. Which of the banks has not provided that €25 million? The Minister also spoke about extending the scheme. What period of extension does he have in mind? Given that he can review the charges in the terms of the scheme within a six-month period, and given the increased borrowing cost to the State involved, will the Minister be making such an increase in the charge under the guarantee scheme to the banks? What increase does he intend to make?

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