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Departmental Records (17 Jul 2012)

Micheál Martin: The Taoiseach has suggested it was shredded. He should not be so disingenuous.

Departmental Records (17 Jul 2012)

Micheál Martin: An event like that does not happen every week.

Departmental Records (17 Jul 2012)

Micheál Martin: Is there a Cabinet memo?

Departmental Records (17 Jul 2012)

Micheál Martin: It is well known.

Departmental Records (17 Jul 2012)

Micheál Martin: I am after telling the Taoiseach.

Departmental Records (17 Jul 2012)

Micheál Martin: It does.

Departmental Records (17 Jul 2012)

Micheál Martin: The Government does have evidence of the rationale applied.

Departmental Records (17 Jul 2012)

Micheál Martin: There is in the Department of Finance.

Departmental Records (17 Jul 2012)

Micheál Martin: It was a lousy, dishonourable thing to do.

Departmental Records (17 Jul 2012)

Micheál Martin: He said, "Do what you have to do."

Departmental Records (17 Jul 2012)

Micheál Martin: Through a freedom of information request I long ago sought records of a discussion between the European Council President, Mr. Van Rompuy, and the Taoiseach. It was, however, stopped by the Taoiseach and the Government side even though Europe was anxious to give the records of that particular Van Rompuy compromise. The real issue is the Taoiseach playing games and spreading conspiracy...

Departmental Records (17 Jul 2012)

Micheál Martin: That is wrong, because the fundamental point is we all know the rationale for the bank guarantee at the time. There is no secret about it.

Departmental Records (17 Jul 2012)

Micheál Martin: We know it was a liquidity issue and not just in Ireland.

Departmental Records (17 Jul 2012)

Micheál Martin: I am putting this to the Taoiseach, if I may. I will not be long putting it.

Departmental Records (17 Jul 2012)

Micheál Martin: I am putting a question.

Departmental Records (17 Jul 2012)

Micheál Martin: At the time, there was the collapse of Lehman Brothers, while in Britain Royal Bank Scotland announced it was going to go bankrupt. Northern Rock had gone bankrupt the year before. There was a seizure in bank liquidity across the globe following the fall of Lehman Brothers. The fundamental issue facing the Government at the time-----

Departmental Records (17 Jul 2012)

Micheál Martin: -----was, as per Professor Honohan's report, that it either maintained a banking system or it allowed it to collapse. I believe the guarantee should be examined and I have no difficulty with such an examination. The Committee of Public Accounts should be allowed get on with its work in this regard, having already put in six months of significant work on the issues around the bank guarantee,...

Departmental Records (17 Jul 2012)

Micheál Martin: Will the Taoiseach confirm the Committee of Public Accounts will continue its work on the bank guarantee issue?

Departmental Records (17 Jul 2012)

Micheál Martin: Has the Department of Finance access to it?

Departmental Records (17 Jul 2012)

Micheál Martin: No, the people voted against it.

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