Micheál Martin (Cork South Central, Fianna Fail)

I would like to return to one of the other issues covered in the programme for Government. Perhaps the Taoiseach will refer to it in passing. Has the Minister undertaken an internal assessment of the impact the implementation of the legislation providing for the burning of junior bondholders would have on the Irish credit union movement and individual credit unions throughout the country? It is clear when one reflects on the impact of last Friday's decision, for example, that more transparency and clarity is needed in respect of this important matter. We need to consider the impact of such a decision on various credit unions throughout the country. The Taoiseach said the score card issue was a metaphor for something or other. I have to say it sounded great on "The Late Late Show".

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