Seanad debates

Thursday, 30 November 2006

National Development Finance Agency (Amendment) Bill 2006: Second Stage

 

2:00 pm

Photo of Terry LeydenTerry Leyden (Fianna Fail)

I did not mention any names but Senator John Paul Phelan can imply who he likes. Anyway, we all know to whom I refer.

Senator Ryan also criticised the question of ethical investments recently. The Government allows an investment to be made for the maximum result within reason. It has taken an ethical approach so far. I hope the majority of investments are made in Ireland.

The pension fund has increased to €17 billion. The Minister for Finance must ensure that Fine Gael and the Labour Party never get their hands on that fund. At the previous general election they threatened to spend it on various projects. Legislation should be introduced to prevent that fund being used to fund the so-called promises of Fine Gael and the Labour Party at the next general election.

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