Cabinet to hold further discussions on bank guarantee plan

The Cabinet is due to meet again today to discuss the bank deposit guarantee plan signed into law last week.

Finance Minister Brian Lenihan is expected to outline a timeframe for the full implementation of the remaining elements of the measure.

Mr Lenihan has been discussing the guarantee with his European colleagues this week to ensure that it complies with EU law.

Details of the terms and conditions attached to the plan are not expected to be finalised until next week.

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