Dáil debates
Tuesday, 12 May 2015
Ceisteanna - Questions (Resumed)
European Council Meetings
5:20 pm
Enda Kenny (Mayo, Fine Gael) | Oireachtas source
That is being pursued at the moment, as the Deputy understands. We had some response in respect of moneys invested in Bank of Ireland. We now have PTSB being valued at approximately €2 billion, and the Minister has made it clear that he intends to have a determination on a proportionate value of a section of Allied Irish Banks to see what that might be. So, we are not in a position just yet to make a decision as to which one is in the best interests of the taxpayer. The Government's only priority here is to pursue this to a point so that we can determine which is in the best interests of the taxpayer. Is it the route of recapitalisation or is it the route of getting the return on the people's money by virtue of moving on the banks? Work is proceeding on that element, with the Minister for Finance being very confident that, in respect of the Irish taxpayer, we will get back all of the money invested by this Government. Unfortunately, what happened before is dead and gone and washed away.
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