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Leaders' Questions (8 Jul 2009)

Brian Cowen: I am not in the business of playing games on the last day of Leader's Questions for this session.

Leaders' Questions (8 Jul 2009)

Brian Cowen: That is assuming that Deputy Kenny is not playing games.

Leaders' Questions (8 Jul 2009)

Brian Cowen: Here we go again. That is Deputy McCormack's job every morning.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The Government has plans in place, the smart economy, some of which Fine Gael took up in its document and which the Government is implementing. The plans for restructuring the banking system are in place, will be pursued and are gaining support internationally and at home. Someone who was involved in the reconstruction of the Swedish banking system spoke to the Oireachtas Joint Committee on...

Leaders' Questions (8 Jul 2009)

Brian Cowen: We have outlined our strategy in our supplementary budget. We set out our budgetary position for the course of 2009. We indicated at the beginning of this year that all spending programmes would be reviewed and we employed some people to help with that. They are bringing forward their recommendations. The Minister for Finance expects to have that report this week. It is not envisaged...

Leaders' Questions (8 Jul 2009)

Brian Cowen: -----greatly prolonged the period within which Ireland will be able to come back into growth and create jobs again. Those are the facts. The Minister indicated at all times that he hopes to have the NAMA legislation prepared by July. I believe that timetable will be met. It will be published after the Government has approved it. There will be ample time for everyone to study it. We...

Leaders' Questions (8 Jul 2009)

Brian Cowen: That is not true.

Leaders' Questions (8 Jul 2009)

Brian Cowen: Of course it is.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The Deputy has produced another rhetorical flourish. This Government has been making decisions but it is clear there has been very little support from the Opposition for the necessary decisions.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The Deputy asked about the NAMA legislation.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The Opposition cannot listen. They did not get long enough to speak and want more time.

Leaders' Questions (8 Jul 2009)

Brian Cowen: With regard to the NAMA legislation, the Minister made it very clear at the outset that he believed it would be September before it would be up and running.

Leaders' Questions (8 Jul 2009)

Brian Cowen: It is an arduous process and a complex piece of legislation, as people know. It is being prepared and will be brought forward in July.

Leaders' Questions (8 Jul 2009)

Brian Cowen: There will be an opportunity for everybody to study it and enact it in September.

Leaders' Questions (8 Jul 2009)

Brian Cowen: With regard to the lack of credit in the community, the Labour Party did not even back the bank guarantee, which brought about stability.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The Labour Party was not right.

Leaders' Questions (8 Jul 2009)

Brian Cowen: The IMF has indicated the Labour Party was not right. A witness attending the meeting yesterday of the Oireachtas Joint Committee on Finance and the Public Services also said that such a policy was not the right one. I suppose the party's committee members did not attend that meeting.

Leaders' Questions (8 Jul 2009)

Brian Cowen: He did not

Leaders' Questions (8 Jul 2009)

Brian Cowen: I would rather address the issues which were raised.

Leaders' Questions (8 Jul 2009)

Brian Cowen: That is the position. There is no mystique or dithering. We have made a decision to bring forward the legislation and we have indicated a timeline, which we will stick to. The Opposition will not support it because it has been playing the populist game by saying we are bailing out the banks from the day we had difficulty with financial stability in this country.

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