Michael McCarthy (Cork South West, Labour)

The Taoiseach indicated this week - and following the meeting of the economic management council yesterday it now seems likely - that legislation may be forthcoming to oblige bankers to pass on the interest rate reduction from the ECB. Will the Government consider introducing a clause in any such legislation that would criminalise bankers for failing to pass on such reductions and that would result in jail terms for chief executive officers, chairman and board members?

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