Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

Let us see how that works. I would like to encourage the industry to make the mutual fund work. The idea is that everybody would put a small amount of money into a fund and that the State would match it, so that there would be a pool of money in place from which, during difficult periods, they could take that money out. That would be a sensible approach to hedge against income difficulties. We will be promoting that with the industry.

See this speech in context