Credit Institutions (Stabilisation) Bill will not be referred to Supreme Court

Despite the reported concerns Mick noted here, RTÉ are reporting that Irish President Mary McAleese has signed the Credit Institutions (Stabilisation) Bill into law after a three-hour meeting of the Council of State.

From the RTÉ report

The Council of State has 22 members, including the Taoiseach, the Tánaiste, two senior judges, the Ceann Comhairle of the Dáil, the Cathaoirleach of the Seanad, and the Attorney General.

Former President Mary Robinson, five former Taoisigh and two former Chief Justices are also members, as are seven people appointed by the President.

This is the seventh time that President McAleese has convened the Council of State.

The Cabinet held a regular weekly meeting at Government Buildings.

On their way into the meeting, neither Brian Lenihan nor Micheál Martin would comment on this afternoon’s meeting of the Council of State.

Mr Lenihan said the European Central Bank has not sought substantial changes to the legislation.

He said they were closely consulted about the Bill and the bank usually offers opinions on legislation.

Discover more from Slugger O'Toole

Subscribe to get the latest posts to your email.

We are reader supported. Donate to keep Slugger lit!

For over 20 years, Slugger has been an independent place for debate and new ideas. We have published over 40,000 posts and over one and a half million comments on the site. Each month we have over 70,000 readers. All this we have accomplished with only volunteers we have never had any paid staff.

Slugger does not receive any funding, and we respect our readers, so we will never run intrusive ads or sponsored posts. Instead, we are reader-supported. Help us keep Slugger independent by becoming a friend of Slugger. While we run a tight ship and no one gets paid to write, we need money to help us cover our costs.

If you like what we do, we are asking you to consider giving a monthly donation of any amount, or you can give a one-off donation. Any amount is appreciated.