Dáil debates

Thursday, 30 September 2010

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed)

 

10:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

It is in the public domain. It is a reasonable point. I do not wish to get personal but the situation as it stands is that between NAMA and the banks we have had a 100% increase in our national debt for which future generations will have to pay. It is like someone buying a house or business for €200,000 and being told by the bank he or she will be given a loan for another €200,000 which it wants him or her to service as well. There are questions to be answered. We want it to go forward. There are two key ingredients missing.

The Minister is putting an extra €3 billion into AIB, which is the minimum he wants to take out of the budget this year.

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