Dáil debates
Wednesday, 29 September 2010
Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion
8:00 pm
Kieran O'Donnell (Limerick East, Fine Gael)
Fine Gael supports the extension of the guarantee for new funding for Irish banks but only on the condition that the Government gives a commitment that it will introduce legislation before 1 November to provide for a bank resolution system and that it will require Anglo Irish Bank to immediately commence negotiations with the holders of subordinated bonds to alleviate the cost of the wind down to the taxpayer.
Deputy Blaney is leaving the House, leaving Deputy Cuffe, a solitary Green Party Member.
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