Joan Burton (Dublin West, Labour)

The Minister was still maintaining at the time that everything in the garden was rosy. Will he indicate why there is no differentiation of risk among the covered institutions? At present, if I have money to deposit and choose to lodge it with the riskiest institution because it is offering the highest rate of interest, the said institution will only contribute the same amount to the guarantee as other institutions. The OECD has asked why that is the case. I am of the view that this is a reasonable question to put to the Minister and his officials.

Will the Minister indicate in detail what his proposals are in respect of the Irish League of Credit Unions? Does he propose that a single payment be made on behalf of the league or will the position be differentiated?

See this speech in context