Seanad debates
Wednesday, 5 November 2003
Insurance Industry Reform: Motion.
The second issue to be addressed involves competition in the market. The Government is driven by a belief in the market as the best way in which to do everything. The Tánaiste's commitment to the market model is perhaps stronger than that of anyone other than the Minister for Finance and she perhaps understands the market better than him. However, that she understands the problem as well as she does and yet leaves us with something close to a quasi-monopoly, means that no other measures will solve our problem until we re-introduce competition to the marketplace. If that means legislative certainty, which will entice other participants into the marketplace, let us get the legislation published, which we were told would be enacted by the end of the year but which we have not yet seen.
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