Dáil debates

Tuesday, 19 February 2013

4:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

The liquidator is entitled to analyse what exactly is the situation in the liquidated IBRC. The Deputy is aware that there is a fund of €500 million available for the recapitalisation of credit unions if they are in trouble. The first thing we should do is to have the liquidator determine what, if any, is the extent of credit union investment in IBRC, what deposits, if any, credit unions have made in it, the extent of those deposits, and if there is a serious situation-----

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