Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am sure my colleagues will go into breaking the link between the sovereign and bank debt to which the Minister referred in his notes. Under the growth and jobs compact, and lending to the economy, what is the status of the initiative with KfW, the German development bank? Has an agreement been reached? Is there any indication of the quantum of lending likely to be available to Irish SMEs from that source? When does the Minister hope to have it operational?