TD slams plan to 'shore up' major banks

A Cork TD has suggested that market forces be allowed take their course in relation to Zoe Developments, companies which owe the banks almost €3bn.

Deputy Ciarán Lynch said an attempt to have the companies placed in the care of examinership might save them from liquidation, but would also mean that an opportunity to get an indication as to what the actual market value of property-related assets were would be lost.