Fiona O'Malley (Progressive Democrats)

As always, Senator Ross has forced me to change what I was going to say. I was about to applaud the Minister and Government for the swift action they have taken.

I have great respect for the opinion of Senator Ross, but he is being utterly alarmist. I agree what has happened in Ireland will cost us to an extent. The cost is €62,000 for €10 billion borrowed and when asked if that is worth it, I think it is, particularly if it is will safeguard the financial institutions in the country.