Paschal Donohoe (Fine Gael)

I support my colleagues in asking for an urgent debate on the banking economy. I also support Senator Walsh's comments in this regard. It is imperative that we have a debate soon. NAMA was sold to the country and this House on three different levels. First, it was to get credit flowing. We have seen that this is not the case. Second, it was to reduce the need of the State to take ownership and a role in our banks. Over the weekend, we saw that this was not the case either. Third, we heard much about the concept of long-term economic value and why it was important to the economy and the banks. On Friday, we saw a response to the concept of long-term economic value when a piece of property valued at €31 million by those involved with it was assigned a value by the commercial courts of €600,000.