Mary Coughlan (Donegal South West, Fianna Fail)

I wish to reiterate the facts. The situation is that Government policy has not changed. The situation is that the Government would have been prohibited at the time from winding up the bank. The situation and the facts are that a revised plan is being prepared by the new management in the bank. It is being drafted at present and it will be analysed by the Minister and his advisers. The matter will go to Government and will then go to the European Commission at which stage the European Commission will make a decision. The timeframe for the plan to be with the Commission is the end of May.

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