Brian Lenihan Jnr (Dublin West, Fianna Fail)

Very good.

The structured process undertaken to arrive at the current proposals gives me confidence that the investment will succeed in building market confidence and kick-start lending to the economy. The amount to be invested was determined following consideration of likely trends in property values and various stress scenarios for the economy. Confidence can now be offered to markets on the levels of capital in the two largest banks on the fundamental issue, namely, the strength of their position in the coming years.

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