Seanad debates

Wednesday, 25 June 2008

11:00 am

Photo of Denis O'DonovanDenis O'Donovan (Fianna Fail)

There is a credit crunch taking place that we have not yet even seen where the banks are squeezing and squeezing, and yet, as Senator Ross has stated, some of the directors are being paid annual earnings of €4 million plus. They are thinking selfishly. If the banks do not play a role in the economic recovery it is time the Government told them to come on board on this one or else the ship will go down entirely.

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