Enda Kenny (Mayo, Fine Gael)

The Minister for Finance has made many comments on this matter, particularly in the context of the decisions taken in respect of the dysfunctional banks, the fact that two pillar banks are to be established and the requirement to deleverage non-core assets in order that, as a result, credit will be available. He has also pointed out that there is a requirement to stimulate demand for credit.

The Government is proceeding to work on a Bill designed to facilitate the introduction of a partial loan guarantee scheme. It is hoped to publish this legislation in the autumn. There is a need to provide an initiative to stimulate the indigenous economy and the legislation is a central part of that. The Minister for Finance has made the legislation a priority and work is proceeding on it. I cannot-----

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