October 1, 2008 / 9:23 PM / in 9 years

Irish finmin sees bank liquidity, not solvency issue

DUBLIN, Oct 1 (Reuters) - The Irish government proposed its deposit and debt guarantee plan earlier this week to respond to liquidity problems among Irish banks, not solvency issues, Finance Minister Brian Lenihan said on Wednesday.

“The central issue confronting the government last Monday evening was the liquidity of the Irish banks, not the question of solvency,” Lenihan told the Dail (lower house of parliament) during a debate on the guarantee legislation. (Reporting by Andras Gergely, editing by Paul Hoskins and Carol Bishopric)

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