Brian Cowen (Laois-Offaly, Fianna Fail)

The recapitalisation policy was outlined by the Minister for Finance, Deputy Lenihan, on a number of occasions. Until such time as he comes to the Government again for consideration of these matters, it will be not be dealt with until then.

On the matter raised by the Governor of the Central Bank at a committee meeting a number of days ago, I have made the point that what he said will have to be carefully considered. The immediate priority of Government is to ensure we establish financial stability and effective restructuring of the banking system during the course of the financial crisis, all of which will have to be considered carefully in that context. I mentioned the fact that the priority of the resources of the State in terms of the personnel who work in these areas is to establish such stability and provide for restructuring. I would not like to see that priority diverted at any time in the immediate period ahead.

On the issue of excise duty, it is something which would have to be taken up with the Minister for Finance, Deputy Lenihan, and the Revenue Commissioners. I am not in a position to make any comment on it. I note the Deputy's remarks.

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