Seanad debates

Thursday, 5 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage

 

4:00 pm

Photo of Martin ManserghMartin 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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