Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

-----which in the opinion of the Government constituted a potential financial risk. Today, the Minister for Finance took the view that these risks had become too great to sustain. Accordingly, and in line with a contingency plan which has been in place for some time in the Department of Finance, he moved to secure the company, and tonight we are moving to provide formally for its liquidation. This action is necessary to secure the value of the assets held by the company. These assets, which are valued at €12 billion, are being secured in the public interest.

I am conscious that this will be an anxious time for the members of staff in IBRC. Every Member of the House acknowledges that no blame rests with the staff who worked in IBRC.

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