Seanad debates

Tuesday, 18 January 2011

3:00 pm

Photo of Diarmuid WilsonDiarmuid Wilson (Fianna Fail)

Last Friday evening, I joined Senator O'Reilly and other Oireachtas colleagues from the Cavan-Monaghan constituency in attending a public information meeting organised by Cavan Chamber of Commerce on the future of Quinn Insurance. A number of contributions were made by interested parties and the staff, representatives of various interest groups and Oireachtas Members who attended left the meeting with one question unanswered. Why are the administrators of Quinn Insurance not examining the proposal that Anglo Irish Bank and representatives of the Quinn family have worked on for more than nine months and which would retain the company in Irish ownership and repay €2.8 billion of the money owed to the State by the Quinn family? I ask the Leader to invite the Minister for Finance into the House in order that we can ask him whether the proposal is being examined and, if not, who is preventing an examination or what difficulties have arisen in respect of it.

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