103 Deputy Peter Mathews asked the Minister for Finance if he will consider an alternative bank recapitalisation strategy involving the reversal of the National Asset Management Agency, temporary nationalisation of both pillar banks, together with negotiating substantial creditor write-downs on loan amounts owing by the banks to the ECB and senior bondholders to reflect the losses of at least €70 billion incurred by the six Irish banks; and if he will make a statement on the matter. [19697/11]

Summary

103 Deputy Peter Mathews asked the Minister for Finance if he will consider an alternative bank recapitalisation strategy involving the reversal of the National Asset Management Agency, temporary nationalisation of both pillar banks, together with negotiating substantial creditor write-downs on loan amounts owing by the banks to the ECB and senior bondholders to reflect the losses of at least €70 billion incurred by the six Irish banks; and if he will make a statement on the matter. [19697/11]

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• Banks Recapitalisation

  xml · EN · 12 July 2011

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