Cyprian Brady (Dublin Central, Fianna Fail)

The Minister for Finance has stated in his contribution that economic recovery is dependent on three factors. The first is to get the public finances back in order and some progress has been made in this regard. The second factor is the restoration of our competitiveness and the Minister for Enterprise, Trade and Employment, has introduced a number of different schemes which are aimed solely at increasing our international competitiveness. The final ingredient is a healthy financial system. The steps being taken in NAMA are critical to ensure that we continue to function as a country. There will be tough but necessary decisions. The Government is trying to repair the damage done to our financial system and to the country's reputation and NAMA will help in this process.

NAMA is not about developers or bankers, rather it is about the Irish people and ensuring that those people are guaranteed that their savings, mortgages and standing orders are protected and to provide that Ireland continues to function as a progressive and modern country.

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