Enda Kenny (Mayo, Fine Gael)

The Deputy has put his finger on the button. The reason we are in this quandary is a relatively small number of people brought the country to the edge of economic ruin. The Government complied by transferring bank debt to sovereign debt, meaning €30 billion will be put into Anglo Irish Bank in the next ten years. The Government and the people have been put at a serious disadvantage because of the carry-on of earlier Governments and reckless banking lending practices.

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