Dáil debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Second Stage

 

9:55 pm

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

That is the situation in which the Bill finds itself being put through the House: civil servants who cannot answer questions about the details of the Bill and a Minister who gives us so little information. To crown it all, the President is flying back from Italy in a hurry to sign the Bill later this evening.

How is the stability of the State's finances threatened by this leak? The Minister said there are very few IBRC depositors left. I do not know the size of those deposits. He did not tell us. It appears that most depositors went to Permanent TSB. There are some large corporate depositors. Is that the important element or is it that once the liquidation was leaked there would be people and parties in court in the morning attempting to frustrate it? Is that the answer? Other court cases are pending. There certainly will be lawyers all over this Bill.

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