Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

-----renewed discussion and a revised agreement. It is worth reflecting on the degree to which our situation is dramatically different from that of Cyprus. It is worth reflecting on the scenario where banks are still closed in Cyprus and depositors face a very severe cut or levy on their deposits.

It is not a situation in which we would wish to find ourselves but it is one in which we could have found ourselves if our banking situation had not been managed as it was by the Government.

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