Enda Kenny (Mayo, Fine Gael)

Last week, the Fine Gael Party supported the action taken by Government in defending our economy and maintaining the banking system. Has the Government approved the scheme? The Taoiseach has been briefed by the Central Bank, the Financial Regulator and the institutions named in the guarantee. Arising from the briefings and the information provided, has the Government calculated the property-related bad debt in the institutions involved? Does the Taoiseach know the scale of this? Will he give an assurance that the level of property-related bad debt poses no threat to the solvency of the institutions in question? It is perfectly obvious that significant sums are being moved from other institutions to those named in the guarantee, which is not yet in place because it has not been approved by the Dáil and the Seanad. When will it be introduced in the House?

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