Seanad debates

Tuesday, 2 December 2008

3:00 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

Senator O'Toole is correct, we will have to challenge tomorrow and on succeeding days if we are not allowed to debate that matter.

Senators O'Toole and Alex White made very interesting points on the recapitalisation of the banks. I accept that will not be enough in itself, but it would begin to rebuilt confidence. We want to see Irish-owned and Irish-run institutions. That will give us strong domestic banks that are more capable of and inclined to make proper lending available to Irish businesses, so many of which are being starved, as we know, of working capital.

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