Enda Kenny (Mayo, Fine Gael)

I fundamentally disagree with the response of the Taoiseach. Fine Gael has proposed a series of positive initiatives that demonstrate that things should not be this way and there is so much that can be done. The Taoiseach told us NAMA would provide a wall of cash and that the investment of €7 billion in the banks would provide a dividend to the taxpayer. The Taoiseach told us Anglo Irish Bank would be restored as a creditworthy lending institution. None of these things has happened and the strategy, after 18 months, is not working.

I understand it is the intention of the Government to borrow a further €6 billion to put into Anglo Irish Bank. The Government will invest €6 billion in what is effectively a dead bank. I ask the Taoiseach to break out of the Fianna Fáil straitjacket he is locked into and adopt the Fine Gael policy in respect of Anglo Irish Bank. It should be broken up into a good bank and a bad bank and the bad element should be allowed to work itself out over a period of years-----

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