Dáil approves terms of guarantee scheme

Monday 20 October 2008 11.37
Arthur Morgan - Scheme does not give enough protection to taxpayers
Arthur Morgan - Scheme does not give enough protection to taxpayers

The Dáil has approved the terms of the bank guarantee scheme by 114 votes to 22.

The measure was opposed by Labour and by Sinn Féin, who had earlier supported the Credit Institutions Bill.

Sinn Féin's Arthur Morgan said the party chose not to offer its support to the terms and conditions of the document because the detailed scheme did not give enough protection to the taxpayer.