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Fri 11 Nov 2008Ictu calls on Government to nationalise Irish-owned banks
THE IRISH Congress of Trade Unions (Ictu) has called on the Government to nationalise the main domestically owned banks.
Ictu economic adviser Paul Sweeney said the Government should preferably borrow the cash required to pay for this investment rather then using the National Pension Reserve Fund. Ictu and trade unions in the banking sector said they were opposed to banks being bailed out or "seized" by venture capitalists or private equity funds.
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