Brian Hayes (Dublin South West, Fine Gael)

I move amendment No. 1:

To delete all words after "Dáil Éireann" and substitute the following:

"— commends the Government for taking decisions that will lead to a radical restructuring of the domestic banking system, return the banking system to long-term viability and profitability and break the massive dependence of the banks on the State;

— acknowledges that these decisions will result in the banking system becoming the enabler of economic recovery by restoring public and market confidence in its financial health, management competence and ethical integrity;

— supports all of the actions necessary for the Irish banking sector to become smaller, more focused on core operations, better funded and better capitalised;

— supports the Government's objective of strengthening overall fiscal accountability by separating bank risk from that of the sovereign;

— welcomes the Government's restatement of its commitment to protect those whose funds are guaranteed by the Irish State, including depositors and others who continue to support our banks;

— acknowledges the continued high level commitment to the funding of the Irish banking system by the Central Bank and the ECB; and

— welcomes the Government's commitment to bring forward as a matter of priority a jobs fund as part of its strategy to support employment growth and sustainable enterprise while adhering to the aggregate fiscal adjustment targets of the EU-IMF programme."

I wish to share time with Deputies Olivia Mitchell, Colm Keaveney, Robert Dowds and Peter Mathews.

See this speech in context