Enda Kenny (Mayo, Fine Gael) | Oireachtas source

The Minister has stated that, unlike in 2012, the ESM is no longer the only option we can use to recover the money provided to recapitalise our banks. Investors are again willing to invest in Irish banks, and the market value of our investments has improved accordingly. In Europe, a strategic approach tends to deliver. The Minister for Finance has said that he intends to keep open the option of retrospective recapitalisation, with the timing of any application to be decided in due course.

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