Finance Minister Paschal Donohoe ruled out the move. Photo: Getty
Allowing Irish people to invest their savings into infrastructural projects would not give them a higher level of return than they currently get from having them on deposit, the Finance Minister has said.
Ireland has a high savings deposit rate, and at the end of January households had over €163bn on deposit with financial institutions. Much of this money was in low-interest or no-interest accounts, which means its value is being eaten away by inflation.
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