Written answers

Thursday, 9 June 2011

Department of Finance

Banks Recapitalisation

6:00 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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Question 66: To ask the Minister for Finance if the recent recapitalisation of Permanent TSB will affect individuals with shares in Irish Life and Permanent Group Holdings plc; if the recapitalisation of PTSB will result in the transfer of wealth from IL&P shareholders to the Exchequer; and if he will make a statement on the matter. [14967/11]

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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Question 67: To ask the Minister for Finance if issues surrounding the Irish Life and Permanent situation as it pertains to shareholders (details supplied) have been brought to his attention; and whether the points contained therein have been addressed. [14968/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 66 and 67 together.

As the Deputy will appreciate, important aspects of the matters raised in his questions on this issue are commercially sensitive and it would not be appropriate for me to make any further comment beyond what I have stated in my reply to Parliamentary Question No. 95 of 25 May 2011.

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