Dáil debates

Thursday, 8 July 2010

10:30 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

The Government proposal is for a commission of investigation, for which the Minister has set aside a budget of €1.8 million to be spent by the end of this year. That is a significant amount of money for an international expert who will come and tell us why the banks failed. That is important. The Government has accepted the extension of the terms of reference, as proposed by the Labour Party, to cover the period to 15 January. However, the commission of inquiry will not look at the role of the Taoiseach or of Ministers for Finance or the role of the current Taoiseach when he was Minister for Finance. They are all carefully excluded from the terms of reference of this investigation and of the other two investigations. There is to be a private benchmarking inquiry into the Department of Finance and its failures and there is to be a Dáil committee to look at the macro-economic lessons we can learn.

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