Brian Cowen (Laois-Offaly, Fianna Fail)

In regard to small and medium sized enterprises and first-time buyers, we have indicated the need to ensure there is access to credit lines. This is something in which we are engaged. The availability of mortgage support and mortgage finance is increasing by 30% over last year and by 10% for medium sized enterprises in respect of access to credit lines. The independent directors we have appointed in the public interest are ensuring this policy is brought forward and that the strategic plans for the banks as they proceed with the recapitalisation will keep all of that in mind. Fundamentally, we must ensure market sentiment towards the Irish banking system is more positive so that shares can rise and people in the investment community can see that the Irish banking system is solvent, is functioning and has a clear future as part of the economic renewal and revival we are trying to organise. These are my responses to the issues raised by Deputy Kenny which are relevant to the debate.

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