Seanad debates
Wednesday, 6 July 2011
Order of Business
10:30 am
Tom Shehan (Fine Gael)
A total of 43 credit unions, which had made a total investment of €23.179 million in the bonds, did not accept it. Under the proposal, they will now receive €1 for every €1,000. Will the Leader ask the Minister for Finance to come to the House in order that he does not proceed with this because every credit union in the country will be brought to its knees? Perhaps Deputy Doherty should speak to the staff of the credit unions in Ballybofey, Bundoran and Donegal towns because he wants to bring those credit unison to their knees. Will the Minister for Finance pay 20% of the value of the bonds to the credit unions that voted against the proposal?
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