Seán Sherlock (Cork East, Labour)

We want transparency so that every citizen, regardless of his or her political affiliation, can decide whether the Government of the day is doing a decent job.

These independent reports clearly have not vindicated the Government's position. Their criticism of past macro-economic policy and the over reliance on tax breaks is as clear as the nose on my face. The bottom line is good governance in the banks, a proper regulatory framework and a public inquiry that allows us to understand the relationship between politics and banking so that we can develop legislation that ensures the chicanery we have become used to over the past decade will be no more.

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