Paschal Donohoe (Fine Gael)

Again, in deference to the Cathaoirleach, I will focus on just one point, that is, the economy and the current rate of inflation, as referred to by Senator Regan. We find ourselves in a unique position in that the value of goods and services entering our economy is declining because of changes in the exchange rate, yet the inflation rate is increasing. This will set the background for the very difficult environment into which we will all move. While I accept there are many international forces that are not the responsibility of the Government, I believe certain domestic developments that are the responsibility of the Government are contributing to the increase in the rate of inflation. I refer to the performance of certain sectors of our economy. In whatever debate the Leader organises, I ask him to have it focus on this matter. There are measures we can adopt and a new Minister for Finance and Taoiseach should take responsibility in this regard.