Cyprian Brady (Dublin Central, Fianna Fail)

I listened with great interest to the debate on NAMA in recent days. If there is one continuous theme, on both sides of the House, it is that doing nothing is not an option. People may cast their minds back - although we have had much selective memory in recent months - to as early as last December when the Taoiseach produced a document entitled "The Smart Economy", a plan for sustainable recovery. It contained a great deal of detail about how we must use the assets into which we have invested considerably over recent years. Those assets are our people. By investing in the areas where we have experience and expertise we can ensure that we continue to compete and will come out of the current situation.

The introduction of NAMA will make a great difference to how people do their business in banking, development and other businesses in this country. The blame game that is being played by the Opposition and other commentators outside will not solve anything and will not save a single job.

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