Alice-Mary Higgins (Independent) | Oireachtas source

Unfortunately, as it has been ruled out of order I cannot really speak on it. My hope was that it would have been a potential saving for the State. Earlier, the Minister of State called for accuracy from others in the House. With regard to being accurate, I know the policy intent is that the SMEs benefit but if there is interest on the loans there is still a profit mechanism built into that money and finance. In a scenario where these loans are successful and the businesses thrive, the profit would go into the banks and would be part of their annual profits. The focus is not the amount, as I think that will probably be small, but there is an important point of principle. The point of principle that applies here also extends to other credit guarantees that have been given. There are also questions about the bank guarantees. There is a strong link. This is the principle that those who do not take the risk should not be allowed to keep all of the profit. Unfortunately, the amendment has been ruled out of order. With great respect, I understand the Cathaoirleach is bound in this regard so I will wait to make further points on the other amendment I have tabled.