Dáil debates
Thursday, 3 July 2014
Other Questions
Banks Recapitalisation
11:10 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
I am not in the fortune telling business. I laid out for the Deputy what the agreement was in Europe. While there is an agreement that the particular instrument required will be put in place by November, it is qualified because it is subject to ratification by the member states. Some of them can ratify it by a Minister signing an order while others must go through a parliamentary process. On the assumption that it is completed by November, which is the commitment, we will see then what is our next move.
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