Anger in Dáil as bank guarantee scheme extended

THE highly contentious bank guarantee scheme was extended until the end of next year amid angry Dáil scenes.

Fine Gael’s Brian Hayes said the Government was panicking as it did not need to bring forward the extension yet but was worried about the unravelling financial situation.

“There is fundamentally an issue of political credibility. The markets do not believe the Government, nor do the Irish people. The Dáil does not believe it. I suggest this is ridiculous,” he said.