Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

We are removing the guarantee, which will increase the banks' profitability and we will ask them to further address their cost base because I believe their costs are too high. As the banks normalise they will give a better service to the Irish people but they must make commercial decisions without interference from politicians. If the Deputy is advocating a regime of banking in Ireland in which politicians, whether in or out of office, can influence commercial decisions by banks, he is going straight back to the days we have just left, when a telephone call to certain people would get a loan. We are not going there.

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