Éamon Ó Cuív (Galway West, Fianna Fail)

The Tánaiste is a radically changed man in the past year and a half because what happened yesterday was that the European Central Bank lent money to the banks at 1.5% which have lent it to Ireland at 5%, making a substantial gain because of the arrangement in the ECB. I compliment the NTMA on availing of the opportunity but the basic structure is wrong given that the big gains are for the private banks. However, that is another day's work.

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