John Gilroy (Labour) | Oireachtas source

A guilty conscience prevents Senator Byrne from remaining silent and listening to my contribution, however humble it is. The eligible liabilities guarantee scheme for new depositors will conclude soon - the sooner the better - and it is important that no confusion comes from the Chamber. Deposits under ¤100,000 will continue to be protected by the guarantee scheme; that is important. When talking about people's deposits, it is very easy for misinformation or confusion to arise.

We are stuck with the guarantee but we must make as a good a job of it as is possible. We have done just that. I hope this will be the last time the Minister of State will come to the House looking to renew the scheme. I am not happy about having to support it.

The key point is that we must support it.