Brian Cowen (Laois-Offaly, Fianna Fail)

We have a credit problem which is worldwide and which remains to be fixed by the international financial system. If we had gone the Labour Party road, there would be no credit available to anybody because there was a real prospect that financial institutions of systemic importance would collapse without the support of this House. This support was available from some parts of the House but not from Labour Party Members. The Deputy is concerned about providing financial stability but neither he nor his party was prepared to support initiatives to bring that about.

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