Dáil debates

Thursday, 10 July 2014

Strategic Banking Corporation Bill 2014: Committee and Remaining Stages

 

4:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I support Deputy Boyd Barrett. What he said makes perfect sense. Ultimately, the Bill is about jobs. While this is implicit in the objectives set out in terms of the purpose of the SBCI, it should be explicitly stated. I do not accept that there is any legal impediment to specifying the employment objective. The only issue I would take with amendment 4 is that I would substitute the word "support" for the word "create" because we want to also support existing employment. It is equally important we do this. One of the benefits of this new system, if it works, is that it will secure existing jobs and, hopefully, result in the creation of new jobs. Why the objective of the support of employment in the State cannot be included is beyond me.

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