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Dáil Éireann debate -
Wednesday, 19 Mar 1986

Vol. 364 No. 10

Written Answers. - ECU Loan.

101.

asked the Minister for Finance the reason the ACC is not making the 50 million ECU loan available to Irish farmers at Euro rates; the reason the Irish banks were not allowed the same facility as the ACC; and if he will make a statement on the matter.

I refer the Deputy to the reply which I gave to Question No. 45 on 12 March 1986.

As this £50 million Eurocurrency facility was decided in the light of a periodic review of ACC's overall funding requirements, the question of the State providing a similar facility for private banks does not arise.

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