Dáil debates
Tuesday, 8 July 2014
National Treasury Management Agency (Amendment) Bill 2014: Report Stage
7:00 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Until that point it was illegal to use the proceeds of the National Pensions Reserve Fund to invest in banks. When the Government decided to use that money to recapitalise the banks, it had to change the legislation to allow it to happen.
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