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

It is the money companies hold on deposit to pay their staff. It is necessary to have a banking system to ensure that people can get loans, mortgages to buy homes, credit to keep their businesses going or credit to set up a business. We also must ensure that people get decent interest rates. There is a huge distinction between banks such as Anglo Irish Bank, which was bailed out by a Government of which I was not a member, and banks such as Bank of Ireland and AIB, which were bailed out by this Government and for a good reason. It was to protect people's deposits, to protect jobs and payroll and to make sure people could continue to have access to credit.

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