Enda Kenny (Mayo, Fine Gael)

Deputy Martin asked a valid question about a transaction tax. We have pointed out on many occasions that one cannot have one set of circumstances in Dublin and another in London, Amsterdam or Frankfurt. Theoretically, if there is to be a transaction tax in a global situation, everybody would like to see it happen. As I stated previously, I would like to see the law in Ireland dealing with those who should be dealt with. Clearly, while there are independent authorities in the country over which I have no control, the people want to see somebody pay some price for the activity that dragged our country over the edge, driven by the incentive mechanism in retail banking and greed in respect of developers.

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