Seanad debates
Thursday, 1 December 2011
Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion
12:00 pm
John Gilroy (Labour)
-----because it covered all historic issuances and exposed the country to a very grave risk, one that has been described by most commentators as reckless. Today, the guaranteed amount in credit institutions is €100 billion, which remains an enormous amount of money. However, these funds were issued in the window since 2009. It allows banks to access current funding. Would we prefer if banks could not access current funding? Perhaps some people here would.
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