Dáil debates
Thursday, 20 February 2014
Ceisteanna - Questions - Priority Questions
State Banking Sector
9:30 am
Shane Ross (Dublin South, Independent) | Oireachtas source
We are looking at March 2016, in other words.
Is it not very dangerous to put the two pillar banks, as the Government calls them, out for sale to international predators at a time when we are encouraging, by our policy, a cartel situation? There is a real concern that although we have very few players in this market, the Government at least has some hold over the remaining banks which offers some protection to customers. The danger in selling the stakes to outside bodies is that we could end up with an international instead of a local cartel.
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