Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
Dail Éireann — 2021-06-23
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Micheál Martin (FF), Cork South-Central

I am not so sure international academic research backs that up. There is no compelling evidence that state-owned banks historically produced better outcomes or results for economies or societies. Invariably, state-owned banks in different locations around the world did not lend more or more cheaply than privately owned banks. No model is perfect, as we know from various crashes over the centuries. There is no compelling evidence base or research to back up what the Deputy said. We are not handing anything back. The shares are being sold. The State has divested itself of quite a lot of its investment in the Bank of Ireland and it has generated about €5.9 billion as opposed to the €4.7 billion that was originally invested.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2021-06-23/debate/main
Retrieved: 2026-08-14T04:49:25+00:00
Sitting date: 2021-06-23