John Perry (Sligo-North Leitrim, Fine Gael)

Yes, very much so. We have, in effect, no banking system in the country and no confidence or credit. Allied Irish Banks has created an excessive profit margin from doing business with customers. My point concerns promised legislation. As we speak, hundreds of jobs are being lost in every company in Ireland, but we have the inaction of the Tánaiste regarding job creation. We have, in effect, no confidence or credit and, therefore, jobs are being lost. It is very relevant. This is an initiative on which I can speak with confidence. We are discussing the dormant accounts (amendment) Bill. Most accounts in every bank are dormant. Business people are not trading through banks.

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