Paul Gogarty (Dublin Mid West, Green Party)

I welcome the opportunity to comment on amendment No. 16, which encapsulates the entire debate on this matter. As indicated previously, I have an issue with regard to the question of market value. Deputy Burton believes that it might be better to temporarily nationalise the banks. That is a fair argument but I disagree with it because the cost to the State would be much higher and non-Irish investors would be driven out of the banking sector. I may be accused of sounding an apocalyptic note but temporarily nationalising the banks could-----

See this speech in context