Pearse Doherty (Sinn Fein)

There are a number of fundamental flaws in this document. The figures are wrong and it is based on myth. It has the potential to ruin this country. In addition, the Government has given a commitment to the Irish people that it will pursue developers to repay their loans. However, a vigorous pursuit will, according to the plan, result in only €1 billion of the €54 billion being recouped in 2010, only €1 billion in 2011 and only €2.5 billion in 2012. Only by 2013 will we start to recoup money. The Government is telling developers who got us into this problem to hang tight as they will be all right and will not be pursued until 2013 when most of them will be retired on ministerial pensions. It will be left to a later generation to deal with at that time.