Dáil debates

Tuesday, 30 November 2010

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements

 

5:00 am

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)

We will have an increasing measure of ownership by the Irish public in our existing banking system, following whatever capitalisation that emerges. We will have to wait and see how that works out in the coming weeks and months. To suggest that we set up another bank to take funds from existing Irish banks, and weaken the banks that we are trying to ensure do not falter, is not a very convincing critique. I am sure the Deputy will go into far greater detail at some stage than just mentioning the €2 billion he will get from the NPRF. We await the development of that with eager ears.

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