Mary Coughlan (Donegal South West, Fianna Fail)

Perhaps Members will wait to hear what I have to say. The cost of an immediate liquidation is prohibitive and that option was not taken up. Members will be aware that a plan is being developed by Anglo Irish Bank. That plan was sent to the European Commission, the views of which are being taken on board and which I will not reiterate here because I do not base any of what I say on whispers or innuendo. This is a matter in process. The bank is developing a plan and it will have various options. It will be subject to analysis by the Minister for Finance. It will come before Government at that stage. To reiterate once again, the most important thing from the Government's perspective is that any plans for the future of the bank must be in the best interests of the taxpayer.

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