Dáil debates

Wednesday, 17 June 2009

Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (Resumed) and Remaining Stages

 

4:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

This is a deposit guarantee scheme. For the foreseeable future in the Irish economy, many people will have a very high propensity to save, due to their personal finances, jobs and so on. Interest rates are on the floor at the moment, so the ordinary depositor will want safety and will also look for rates of return. By and large, the people offering greater rates of return in Ireland in recent years - we will not bring Icelandic banks into this - are the people who have been having-----

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