Brian Cowen (Laois-Offaly, Fianna Fail)

That is the truth of it. We cannot have a rational debate on this issue because the Opposition is trying to play both sides of the fence.

Third, in regard to the question Deputy Gilmore asked about the smart economy, the innovation task force was set up in response to the innovation alliance which Trinity College, Dublin, and University College, Dublin, came forward with some months ago. They asked for the innovation task force to be brought forward and that was done. Its task is to look at innovation across the economy, not just in regard to the smart economy. Innovation is the only way in which we will be able to do things better. We must do things in a smarter way in order to be more competitive in a way that is price sensitive to market demands. Everybody agrees this is required.

In regard to the Smart Economy document, I am glad it is now getting some belated support. I look forward to continued support for it. We are trebling spending on research and development, with €2.5 billion allocated this year. When we came into office 12 years ago, the research spend was zero. Not €1 billion or €500 million but zero.

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