Seanad debates
Tuesday, 19 May 2009
Order of Business
12:00 pm
Larry Butler (Fianna Fail)
It is important that they have gone and that a new organisation is being put in place to deal with banking in the future. Now that we have substantial capitalisation of the major banks, can the Leader arrange for a monthly report on the percentage of lending to small businesses to be submitted to the Minister for Finance? That would be welcome. It is important for the directors we have put in place to find out where the lending is going. They should report to the Minister for Finance on the steps they are taking to ensure the money we have made available to recapitalise the banks is given to this country's small businesses and used for productive purposes. That is vital. I welcome what Bank of Ireland has done this morning. The markets have reacted in a significant way to the honest approach that has been taken. That is what the markets will do if they know the bottom line.
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