Michael Noonan (Limerick East, Fine Gael)

I wish to move an amendment to the motion by appending the following:

"on condition that the Government introduces legislation before 1st November 2010 providing for a Bank Resolution system that gives the Central Bank powers to wind down or break up failing banks and to equitably share the costs of the wind down or the break up with all professional providers of capital and long-term funding; and calls on the Government to require Anglo Irish Bank to immediately commence negotiations with their holders of subordinated bonds to alleviate the costs of the wind-down to the taxpayer."

An extension of the ELG scheme is necessary to ensure that the refinancing——

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