John Gerard Hanafin (Fianna Fail)

Like all Senators who have discussed the Saville inquiry, I welcome the results and look forward to the debate. There is no doubt that the truth sets us all free. As a result of the humble and accurate way the British Prime Minister spoke yesterday, in a mature way it will improve relations between the two sovereign states, and it has done a lot of good in terms of healing an open wound.

Many Senators spoke about all the victims of violence and it was heartening to see the minute's silence in Derry yesterday for all the victims of violence. We should remember them. We should also remember what Bishop Daly said, namely, that the Saville report puts this issue to rest. There is no doubt that when we consider Northern Ireland today and the relations between the two sovereign states, the United Kingdom and Ireland, we have a position where civil rights have overcome injustice. That is a great day.

I ask the leader for a debate on the shadow financial market because the difficulties that were created in the international financial market have not been properly addressed, and they need to be addressed at EU level. In other words, the danger has not dissipated. It could happen again. The type of financial instruments that were used, the misselling and the lack of regulation must be dealt with now. The amount of moneys involved are enormous but let us not forget that it was not just the fall of Lehman Brothers that caused the problem. It was the misselling of products and the fall of Bear Stearns, J.P. Morgan, Freddie Mac and Fannie Mae, AIG, HBOS, Lloyds and TSB. It was the fall of all those banks that created an international financial difficulty. We must address that matter.