Gerry Adams (Louth, Sinn Fein) | Oireachtas source

I understand the Cabinet committee on European Union affairs deals with a range of issues and that the Minister for Finance is among its members, yet the huge issue of bank recapitalisation has seen little or no action by the Government. It seems to me that the Government wants the Irish people to forget about the prospect of retroactive recapitalisation of our banking debt. We were told a number of years ago - I know the Taoiseach dealt with this earlier - that we had a game changer and that there was a great victory, but now another European Council meeting has come and gone and its conclusions do not mention any moves towards retrospective recapitalisation for this State. That is costing every man, woman and child here €14,000 per annum. Could the Taoiseach outline the steps that have been taken? Could he tell us - it is not a State secret - when he intends to apply for retroactive recapitalisation and when that will apply, and can he inform the Dáil about his plans around this hugely important issue?

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