Chris Andrews (Dublin South East, Fianna Fail)

I welcome the opportunity to speak on the extension of this scheme, essential in bringing certainty to the economy, businesses, many of which are struggling to keep their heads above water, and struggling ordinary people and householders.

This scheme is different from the original one in that it imposes higher fees on participating institutions and no longer covers subordinated debt. The Governor of the Central Bank and the Financial Regulator recommended this scheme. Is the Labour Party suggesting we ignore their recommendations and advice? It is important that we have the Governor and the new regulatory system.

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