Willie O'Dea (Limerick City, Fianna Fail)

The Minister of State referred to the recapitalisation of the banks, but does he realise that it is not working, that there is a credit famine and that the financial institutions are once again trying to hoodwink the people with their figures, many of which are accounted for by restructuring and replacing existing funds? In the programme for Government, the Government made a significant promise to introduce specific policies to make more credit available to small business. The problem has become more acute since the Government took office, yet we have seen no policies introduced. How much money does the Government propose to guarantee in the loan guarantee scheme?

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