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Cabinet to look at bank proposals next week

Cabinet - Banks on agenda for next week
Cabinet - Banks on agenda for next week

The Minister for Finance is to bring proposals to next week's Cabinet to address what a Government statement said was the obvious need to learn lessons from the banking collapse.

Last month, Green Party leader John Gormley backed calls for an enquiry.

Today's statement - after a lengthy Cabinet meeting - said the Government would make clear in the Dáil what it felt the appropriate approach should be.

'The Government today discussed a range of issues in relation to the imperative of restoring a properly functioning banking system, including the obvious need to learn lessons from the events that led to current problems,' this evening's statement said.