Seanad debates
Thursday, 5 March 2009
Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage
4:00 pm
Martin Mansergh (Tipperary South, Fianna Fail)
Recapitalisation is linked to a customer lending package to support credit availability. If we want our banks to act commercially to revive their credibility and profitability we cannot ring-fence their commercial activities within the State or the island. That would be contrary to EU rules.
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