Charles Flanagan (Laois, Fine Gael) | Oireachtas source

There have been suggestions that such a legal action might have an unintended consequence for us here as it may be a revenue issue. We have also seen that banking sector competition has resulted in something of reduction in their numbers. At least one bank has left the Irish market, citing specifically the bank levy as a factor that contributed to such an exit. We do not want to include the credit unions nor do we think it desirable that An Post should be included in the levy.

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