Eamon Gilmore (Dún Laoghaire, Labour)

I thank the Ceann Comhairle.

I wish to refer to commentary on the Bill in today's edition of The Irish Times in an article by Professor Morgan Kelly. I suggest the Government should reflect on his views:

The reason that foreign banks started to shun Irish banks is that international investors have gradually become aware of the scale and recklessness of Irish bank lending to builders and property speculators.

He points out that of every €100 deposited in Irish banks, €60 has been loaned out for property speculation. I remember over the course of the past decade——

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