Dáil debates

Wednesday, 31 March 2010

12:00 pm

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)

I would like to refer to both matters. With regard to the health insurance issue and risk equalisation, Quinn Insurance has been put into administration because of various matters relating to its reserves being used as collateral. However, the VHI still fails to meet the standard set for it at 40% of reserves and its fund is way below where it should be. The EU has complained about this and the former Minister for Finance, Charlie McCreevy, warned us about this. When will it be addressed?

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