Dáil debates

Wednesday, 31 January 2018

Questions on Promised Legislation

 

1:00 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

The Deputy is well aware that equity prices and asset prices go up and down. Something is sold for its value on the day that it sold. Our objective in regard to AIB and Bank of Ireland is to recover for the taxpayer all the money that was used to bail out those banks. We have recovered all the money from Bank of Ireland. We intend, in time, to recover all the money from AIB as well. There are essentially two phases to the bank bailout: the bailout of Anglo Irish Bank and Irish Nationwide Building Society, from which the taxpayer will recover almost nothing, and a second bailout that occurred under a different Government, a Government of which I was a member, of AIB and Bank of Ireland. We will recover every cent and more.

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