Brian Cowen (Laois-Offaly, Fianna Fail)

Moreover, in respect of setting up a new bank, Deputy Gilmore suggests taking €2 billion from the pension reserve fund and leveraging €20 billion from somewhere, wherever it would come from. Obviously, it would be coming from the funding base of the two existing banks. This evening, Members will attempt to make sure that we have a banking system that I acknowledge requires improvement and restructuring and that must get more credit out to business. However, if we are to recapitalise our banks, one should not talk out of both sides of one's mouth.

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