Dáil debates

Tuesday, 2 March 2010

12:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

The Taoiseach did not answer my question. I asked what conditions the Government was prepared to lay down before it considered giving any further taxpayers money to Allied Irish Banks. Is the Government prepared to make AIB dispose of overseas assets that are not of any interest to the Irish economy? The Exchequer figures for February will be issued at 4.30 p.m. today and these will, more than likely, indicate that the Government will have to borrow a further €20 billion this year. Whatever case can be made for Allied Irish Banks, no case can be made for giving another €6 billion of taxpayers' money to Anglo Irish Bank. It is, effectively, a dead bank which will not lend any further moneys.

The Taoiseach has said he will write whatever cheque is necessary. Postbank is being let go although it has been providing services in every community for 200,000 customers and consumers.

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