Rónán Mullen (Independent) | Oireachtas source

I thank the Minister of State for his response. I appreciate what he says about the limitations on the Minister's role. The fact remains that there is considerable disquiet. The central question, which has still to be answered, is what will happen if the proposed merger of the two credit unions fails. There are reports of an increase in loan sharks in Newbridge. People are worried about their savings across the country. I hear what the Minister of State says about the fund that is available to guarantee people's savings, which is the most important thing. However, people feel that the Central Bank wields unaccountable power without sufficient consultation. These credit unions have, after all, been built up by communities across the country and it is probably time that people heard about what is going to happen in the area.