Seanad debates
Wednesday, 12 January 2011
Insurance Industry
8:00 am
Diarmuid Wilson (Fianna Fail)
My clear understanding is that just one or two of the submissions made are being considered. I understand the proposal I outlined is not being considered at this time. I appeal to the Minister of State to refer the proposal to the Minister as a matter of urgency. It defies logic that it is not being considered. It is vitally important that it be considered, as it would ensure Quinn Insurance remained in full Irish ownership and that the €2.8 billion owed by the Quinn family would be repaid to Anglo Irish Bank and the State. While I appreciate that the Minister of State cannot comment on the matter, for reasons of confidentiality, I am stating clearly I understand, as we approach the decision date, that the proposal made by the Quinn family and Anglo Irish Bank is not being considered.
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