Arthur Morgan (Louth, Sinn Fein)

Some €50 billion has already gone into recapitalisation, plus in the order of €100 billion from the ECB. The latter constitutes one fifth of the ECB's total investment in banks across Europe. Does the Taoiseach believe we can continue to fill the black hole that is the Irish banking system? Does he believe this is good enough? It is not working. One reason for this is that many of the crooks who headed the banking sector are still in place. I would not expect them to change, seeing as how they are getting plenty of encouragement from the Government.

The Taoiseach is telling us another fib, namely, that we are doing brilliantly and do not need to return to the market for funding until the middle of 2011. Why do he and Ministers keeping repeating it? They know it cannot be done.

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