Jim Walsh (Fianna Fail)

I join those who expressed sympathy to the family of Garda McCallion and the Garda authorities on his untimely death. What happened to Garda McCallion is a timely reminder of the selfless service gardaí give in defence of society.

Time should be set aside for a debate on banking. The Minister for Finance has proven to be particularly adept in dealing with a difficult and complicated issue that has challenged many governments across the globe. He has been cautious and prudent in the manner in which he has dealt with this matter. His approach in respect of establishing the new national asset management agency is the correct one to take because it will free up the banks and allow them to service industry and business, which is essential.

The budget was harsh. We were told this would be the case and also that it would be fair. Most people would — if they prescribe to the particular notion — concur that the harshness was spread in a fair way. There are two issues in respect of which we should engage in debates. It is imperative we show we can run public services in an efficient and cost-effective way and that there will not be any waste. We should debate that matter because any further attempts to extract anything from the productive sector will cause difficulties and will be met with a great deal of hostility, particularly if we are not seen to be ensuring the public services are as efficient as possible. Public servants need not fear what I am suggesting because it is good to be part of an efficient and effective organisation.

We should also debate the matter of enterprise promotion initiatives, which are essential in the context of trying to sustain existing employment and create new jobs.