Dáil debates

Wednesday, 17 November 2010

11:00 am

Photo of Caoimhghín Ó CaoláinCaoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

Sinn Féin Deputies are totally opposed to the taking of No. 5a and to the proposal in that regard which seeks to provide a further extension of what has been the disastrous blanket bank guarantee introduced by this Government. The guarantee was first introduced in 2008 under false pretences. It was presented in terms of dealing with the issues arising in regard to the deposits of ordinary bank customers and of protecting access to credit for small businesses. This has not been the case. The guarantee has proven to be all about guaranteeing the risks taken-----

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