Michael McGrath (Cork South Central, Fianna Fail)

In the EU-IMF deal, stress tests carried out in the banking sector were to be completed and a plan was to be published. Legislation is promised for the credit union sector. The new deal - as opposed to the old deal - signed up to a programme of consolidation in the sector and according to media reports, this could result in the closure of up to half of the credit unions in the country. Will the Tánaiste clarify the position?

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