Martin Mansergh (Tipperary South, Fianna Fail)

The Government has not committed to enter a facility but there are serious market disturbances that jeopardise not just Ireland but threaten the eurozone. It is essential we address these structural problems and deal with them. Those with funds on deposit in Irish banks can be assured we have the stability and support of the ECB. It is important that structural problems identified in the market reactions are addressed in a systematic manner. That is what this intensification of engagement is about.

Regarding Deputy Burton's request for more up-to-date figures, it takes some time for end of month figures to be finalised. That work is ongoing by the banks and the Central Bank. The preliminary indications are that the figure for October will not be larger than the figure for the end of September. Those figures will be available at the end of the month.

I take this opportunity to wish Deputy Morgan well. He has made lively contributions to the House. He accused me of understatement.

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