Kieran O'Donnell (Limerick East, Fine Gael)

The Minister is missing the point that we live in very uncertain times. It was always accepted that the National Pensions Reserve Fund would be used as a vehicle to recapitalise the banks. It is generally acknowledged by most commentators that these two banks will require further recapitalisation. It is generally accepted that this recapitalisation will come from the National Pensions Reserve Fund.

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