Paul Coghlan (Fine Gael)

I join others in urging the Leader to arrange the debate tomorrow when we have the outcome of the euro group and ECOFIN meetings. There is not a problem, as we understand it and as we think we know it, with the country. It is fully funded until the middle of next year. This problem, against which Ireland has been speculated, concerns our banks because they lack investor confidence. It is because the European Central Bank is simply uncomfortable with our banks' dependance on it. I wish those meetings very well. While "bailout" is perhaps a misnomer, whatever it is, I would advise the Minister to take it because the Government has been unable to provide certainty on our financial stability. That is where the Government has failed utterly.

We can get over it, we have the confidence and we can build again. I hope for the sake of the country and the financial institutions that the Minister accepts whatever is proffered and which will be agreed, as I understand it, among colleagues. There are many questions with which we are bedevilled and we cannot advance further until that happens. There is no mention of a third force in banking. We do not even know what is happening with Irish Life and Permanent, which, thankfully, is not involved as the others are in dependence on the State and which is still independent of taxpayers' involvement through the Minister. Credibility is involved. We need clarity, as has been stated by so many, and we need certainty. We will not have that certainty until we get over the meeting today. That is why I wish it well and hope the Leader will arrange that debate tomorrow.