Ending bank guarantee would have limited effect on state coffers
The state would not suffer an immediate major loss of income from the elimination of the bank guarantee, according to Minister for Finance Michael Noonan.
The state would not suffer an immediate major loss of income from the elimination of the bank guarantee, according to the Minister for Finance Michael Noonan.
The government is actively considering ending the scheme in December, which would mean that further fundraising by the banks would have to be done without a guarantee. This would lead to a reduction in the fees paid by the banks to the state - due to be €1 billion...
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