Jim Walsh (Fianna Fail)

I have spoken to some international economists who also admit they did not foresee the huge global recession we are experiencing. I call for a debate as soon as possible on the discussions taking place. I am one who does not resent the fact that the IMF and the European Union are here discussing with the Department of Finance and the Government how we can extricate ourselves from our difficulties. It does not matter what is being said publicly; what is most important is that the people concerned who have tremendous expertise in this field will receive a full evaluation of precisely where we are. In particular, their views on where we go from here are important. It is essential that the banks be fully capitalised. As we cannot keep returning to the matter, there has to be a final solution. Will the Leader arrange a debate in order that we can deal with it, as well as the issue of public service pay and the Croke Park deal, all of which must be on the table and addressed fully at this stage in order that the country can move forward? The only item which must be ring-fenced is the corporation tax rate of 12.5% which was spoken about by Senator Cannon. It is the reason many multinational companies are here providing employment and leading to growth in the economy. It must be protected above all other things.