Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

Will the fund cover only the losses of the Quinn Insurance group in the UK or will it cover the future losses of Liberty Mutual Direct Insurance Company Limited and Anglo Irish Bank, who are taking over as part of the deal? As I understand it, the business will be broken up into two parts, one of which is the big loss making business primarily in the UK which is to be run off by the administrator and the potentially profitable part which Liberty and Anglo will own? For instance, are we giving a guarantee to Liberty that, if things go bad and it makes losses in the future, we will cover them? Perhaps the Minister would clarify that point.

I have a few other questions to put to the Minister. Will I do so now?

See this speech in context