Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Let me repeat that this is a very serious matter. This Bill has been planned for quite some time. The Cabinet met in formal session this evening to approve the memorandum from the Minister for Finance which will have the effect of the protection of between €12 billion and €14 billion worth of assets for this State and its people. Not dealing with this would leave potential liabilities of up to €40 billion as the Deputy mentioned. The Opposition spokespersons have been briefed on what is essentially a technical Bill.

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