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.

6th October, 2012
Ending bank guarantee would have limited effect on state coffers
Michael Noonan: the government is considering ending the bank guarantee scheme in December.

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 11 months ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago