Seanad debates

Thursday, 12 February 2009

10:30 am

Photo of Eugene ReganEugene Regan (Fine Gael)

I have. We are not necessarily blaming the Minister for his lack of qualifications and experience for the job. Normally, it would be a prerequisite to have some such qualifications to be Minister for Finance, but he is a lawyer and it is the lawyer's training to read his brief. We now know the Minister did not do that. This is a document of which he should have been a master, digesting it in full, particularly the parts on Anglo Irish Bank. Despite the issues the report threw up, the Minister was still prepared to propose the recapitalisation of Anglo Irish Bank up to December. It was only later in January that he moved to nationalisation.

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