Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I asked a genuine question. I could have started to recite X, Y or Z, but I did not do so. I do not expect the Minister to reveal his negotiating strategy. If he is telling us it is a question of a negotiating strategy, he must intend to go down the road of ESM recapitalisation. If it is not a question of a negotiating strategy, he must be open to the idea of private investors buying shares in the banks at a fair value. That would involve giving up on the ESM idea. If the ESM approach works out, it will not happen before 2014. If private investors make an offer today on the basis of the fair market value of the banks, will the Minister be minded to dispose of the State's assets in these banks, or will he be minded to wait until the ESM proposals unfold in 2014? That is a fair and honest question. It does not suggest I am wishing disaster on the economy or failure on the Minister. I am not impressed by this nonsense.

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