Seanad debates

Wednesday, 17 November 2010

11:00 am

Photo of Jerry ButtimerJerry Buttimer (Fine Gael)

That is right.

-----but they will not use the word "bailout". While listening to the Minister for Finance this morning, I noted that he danced around the issue. Unfortunately, it is time to embrace the reality that all Members deeply regret, which is that we have sold out our economic sovereignty for the sake of a few zombie banks. One should be clear that this does date back to the bank guarantee scheme of September 2008 and to the mistake made at that point to guarantee everything-----

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