Micheál Martin (Cork South Central, Fianna Fail)

The list goes on. The International Monetary Fund, for example, was supportive of the efforts to restructure the financial sector, including the decision to establish the National Asset Management Agency. Other leading commentators who have stated their support include Mr. Kevin Gardiner of Barclay's Wealth who said, contrary to what Deputy Noonan indicated, that the Government has acted speedily in comparison to other governments. The economist, Mr. Philip Lane, said on "The Last Word" yesterday that the Government's approach to resolving the financial crisis is an internally coherent approach. He said there was much concern a year and a half ago about the Government's financial stability but that the Government has more capability in terms of dealing with the banks. He said that the fact that we have stabilised our fiscal situation allows the Government to be more confident that the separation between banks and the Government can be kept.

There is a range of solid opinion from policy makers, economists and institutions who have endorsed and supported the NAMA approach.

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