Billy Kelleher (Cork North Central, Fianna Fail)

The difficulties in the credit institutions have not been completely resolved and will have to be addressed again in 2010. As everyone is aware, credit is not flowing to the broader economy and this is having a drag effect on economic growth and stimuli. I hope growth will return by mid or late 2010.

I must refer again to what the Government is trying to achieve in the banking system as the issue is of critical importance. The myth that the Government is reducing the deficit by €4 billion and giving it directly to the banks must be dispelled because it is unfair on all those who are trying to deal with these serious issues.