Seanad debates
Tuesday, 18 October 2011
Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage
3:00 pm
Michael D'Arcy (Fine Gael)
The credit unions have been magnificent. As a young man in the 1980s when the country found itself in a similar position, the banks closed and refused to lend. It did not matter what business one was in, be it farming or something else, the credit unions were open. They kept many businesses going and people in employment because they kept credit flowing.
No comments