Seanad debates
Thursday, 6 October 2011
Statements on Finance
1:00 pm
Marc MacSharry (Fianna Fail)
I appreciate that but I want to make a very important point. The troika prescribed the level of capital that would be required for recapitalisation far in advance so the markets cleaned the shareholder. This will probably not be the process used this time, to the advantage of the European banks and their shareholders and the people in Europe. On this point we should look for something and I am sure the Minister will.
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