Joan Burton (Dublin West, Labour)

The Government has put in €3 billion into Anglo Irish Bank and recently promised another €1 billion. The bank has acknowledged that it is giving out almost no new lending. In fact, the figure for new lending for the first quarter was less than €35 million. Who is codding who? We are putting €4 billion into a bank which is not lending to any sector. It is simply minding developers and capitalising and rolling up interest payments. Can the Minister comment on that?

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