Paul Coghlan (Fine Gael)

Now that the recapitalisation of Allied Irish Banks is in place in addition to that of Bank of Ireland, we understand this is meant to improve the vital credit line to small and medium-sized businesses. What is the Government's response in this regard? As we know up to now approximately 60% of all such loan applications to banks are being refused. In line with what Senator Ó Murchú and others have said, although all the land speculation got us into the problem, if we are to have any hope of trading out of this recession it is of paramount importance to build at the ground level with the small businesses, including hoteliers and other good operators who have been the backbone of the economy and are trying to protect jobs never mind getting into job creation which I would also like. I want to protect what we have. Businesses cannot be suffocated and must be allowed to trade. I would like to hear the Leader's comments on that matter.

When is the NAMA legislation expected to be taken? I agree with what Senator Hannigan said on the Property Services (Regulation) Bill, about which I asked recently. I also give it a broad welcome. We look forward to getting to its detail. When will that Bill come before the Seanad? When will the Seanad take the Finance Bill?