Martin Cullen (Waterford, Fianna Fail)

I am telling the Deputy what was their primary message. We have dealt with that because it is within my capacity to try to increase demand. I agree with the Deputy that we have an over-capacity and I quoted the Bacon report in that respect. I am not arguing about whether the figures are a bit high or low, but there is an over-capacity issue. There is no doubt that some of the hotels that are currently being supported by the banking system are not viable. They are only doing so to turn money and I have put that on the record. I have spoken to the Minister for Finance about this and the Government is aware of it.

See this speech in context