Seanad debates

Tuesday, 30 March 2010

2:00 am

Photo of Ivor CallelyIvor Callely (Fianna Fail)

I very much welcome the progress made on the issue of public service reform and congratulate all those involved in the Croke Park talks. I hope the level of support required to close this chapter and move on can be delivered.

The €20 billion rescue package for the banking system is deemed necessary. I look forward to the announcement on the issue which the Minister for Finance, Deputy Brian Lenihan, will make later this afternoon. It will be critical for the future of the banking sector. I listened with interest to Senators who asked the reason funding was not available to individuals or small and medium-sized enterprises. The €20 billion package is necessary to create liquidity in the system. Perhaps we should all await the Minister's statement on the matter.

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