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Sat 10 Oct 2008Fahey calls for State to invest in Irish banks
GALWAY WEST Fianna Fáil TD Frank Fahey has suggested that the Government invest in the banks. Irish banks were now at a disadvantage when compared to British and continental European banks. “I advocate that our Government should consider these issues. There is no risk involved in that the money will be repaid.”
Pat Rabbitte (Labour, Dublin South West) asked why the Government was opposed to taking an equity stake that would likely reward the taxpayer in the future.
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