115 Deputy Joe McHugh asked the Minister for Finance his views on whether false assumptions obtaining between 2000 and 2007 about consumer income, long-term economic productivity and consumer behaviour resulted in the collapse of the Irish banking system; his further views on whether the various bank guarantee schemes and bank bailouts, including budget 2011 introduced by the Government, in effect transfer credit institutions’ liabilities onto the State; if a logical continuation of this principle requires credit institutions to enter into debt clemency agreements with creditors whose 2000 to 2007 investments were based on the same false assumptions; and if he will make a statement on the matter. [47029/10]

Summary

115 Deputy Joe McHugh asked the Minister for Finance his views on whether false assumptions obtaining between 2000 and 2007 about consumer income, long-term economic productivity and consumer behaviour resulted in the collapse of the Irish banking system; his further views on whether the various bank guarantee schemes and bank bailouts, including budget 2011 introduced by the Government, in effect transfer credit institutions’ liabilities onto the State; if a logical continuation of this principle requires credit institutions to enter into debt clemency agreements with creditors whose 2000 to 2007 investments were based on the same false assumptions; and if he will make a statement on the matter. [47029/10]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Personal Debt

  xml · EN · 14 December 2010

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.