Peadar Tóibín (Meath West, Sinn Fein)

Governor Honohan said there was capacity to deal with a debt for equity swap within the system. My question was what the Minister's objections are to that. A criticism of the Keane report is that its approach is to just leave it to the banks. FLAC has said there is an unwillingness within the Government to impose solutions on the banks. Considering the failure of lenders to respond adequately so far, what makes the Minister think that things are going to change in that regard? Does it mean that the Government has abandoned the programme for Government initiatives that were discussed earlier?

See this speech in context