Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

I will reply to the specific question that was asked. My view and that of the Government is that it is not possible to legislate essentially to undo or reverse contracts that have been signed. That is the position with regard to the CEO of Bank of Ireland. Instead, we have asked the banks to come forward with proposals that will reduce salary levels within banks by between 6% and 10%.

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