Frank Fahey (Galway West, Fianna Fail)

There should be an acknowledgement on the part of Fine Gael and Labour that the suggestion that Anglo Irish Bank should be run down was wrong.

The Labour Party should also admit that it got it completely wrong in respect of the bank guarantee. Labour has made great play out of the fact that it was the only party which opposed the guarantee. The reports issued by Regling and Watson and the Governor of the Central Bank indicate that there was a clear need for the guarantee. If it had not been introduced, our finances would have gone into a complete tailspin. I would appreciate it if Labour was honest with the people and admitted that it got it wrong in this regard.

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