Seanad debates

Thursday, 18 November 2010

11:00 am

Photo of John Gerard HanafinJohn Gerard Hanafin (Fianna Fail)

If we require this extra funding under the shared sovereignty agreement with the European Union, the debate should cendtre on how much we need. We have heard calls for honesty, for which we have been asked this morning. If the State receives funding for the banks, it cannot come directly through the banks but to the State. Will the Opposition stand up and state that in reality it is not a bailout for the State but for the banks? It will not. It will misrepresent the facts as sure as I am standing here.

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