Dáil
‹ Order of Business European banking crisis legislation
Summary
Richard Boyd Barrett asks whether the changed European approach to banking crises and senior bondholder losses will lead to Irish legislation; the Minister says none is currently promised.
Although they will probably get no credit for it, the Cypriot people's protests over the banking crisis in their country have resulted in what has been called a revolutionary reversal of policy in Europe on how we deal with banking crises and the possibility now that senior bondholders rather than ordinary citizens would pay the price for such a resolution-----
Comment on this
Are we likely to see new legislation on foot of this announcement about a new way of dealing with banking crises in this country?
