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You are witnessing serious problems in that banks are not always as up front and honest about the situation—I am not picking on any specific banks—and issues can often be concealed.
We have put in place arrangements that will enable us to deliver no detriment over the period up to 2022, and we have secured the preservation of our negotiating status on an equal basis with the Treasury in 2022 with a process that will be informed by an independent report.
Questions and Answers
Date answered:
8 October 2014
To ask the Scottish Government how much it has received each year from the European Investment Bank for use in housing projects. The Scottish Government does not receive funds from the European Investment Bank for use in housing projects.
We are looking for a retrospective bail-in from Europe in relation to the moneys that were put in place to secure what is a very large bank in the Irish context and a reasonably large bank in the European context.
I have advised the member and the chamber that I have been able to pass on the guarantees that I have received from the UK Government, but there is absolutely no clarity in what happens after that date. That issue must be pursued with the UK Government.
I call Rachael Hamilton, to be followed by Joan McAlpine. 16:10 I hope that you, Presiding Officer, and members enjoyed a great bankholiday weekend. I thank those who do not take bankholidays, such as the people who are employed in o...