Brian Cowen (Laois-Offaly, Fianna Fail)

The Governor of the Central Bank spoke on the matter at the launch of the bank's financial stability report for 2007. He noted that while much depends on the possible evolution and duration of the current market turbulence, there are concerns that a prolonged period of market disruption could affect economic activity by increasing the cost of credit to firms and individuals and reducing the volume of credit banks are willing to extend to borrowers.

See this speech in context