Seanad debates

Tuesday, 12 November 2013

2:40 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

Taxpayers are exposed to the tune of €54 million because of what has happened in Newbridge. The people's trust has undoubtedly been betrayed.

It would appear to me that it was reckless lending that forced the State bailout. It is not good enough. We have to hear more from the Central Bank on the issue, which is something that we should pursue later.

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