Larry Butler (Fianna Fail)

Businesses are finding it very difficult to continue. At the very least they require lower interest rates, which help everyone, including those hard pressed with mortgage and business repayments. However, I defend the cautious approach of the Taoiseach and the Minister for Finance to the banking situation in finding out exactly what the underlying problems are within the banking system, of which there are many not only in this country but worldwide. It is wise to carry out audits and find out the banks' debt problems in respect of property development. Even if the Exchequer had to support the banks, it appears it could buy the banks much cheaper today than they could have done six weeks ago. A cautious approach has been taken, which I believe is correct.