Paul Coghlan (Fine Gael)

I hope the Finance Bill will survive in order that this House can have its usual calm, dispassionate and objective consideration of it on Friday. Senator Daly made comments on bankers and banking. I have always understood that our policy on this side of the House is quite clear in regard to conduct, ethics, the bonus culture and so on, so I do not quite understand the Senator's comments. Senator Daly made a very serious charge in regard to NAMA and, if there is substance to what he said, there should be an investigation. The Leader might respond while he still holds that position because serious issues are involved. NAMA should be selling some of its asset portfolio, particularly in the Dublin region, to assist the market, which is not moving, and to establish a floor.

I too welcome the fact the Christian Democratic-led Government that will succeed in this country, please God, will be able to deal with our problems successfully in Europe. As has been said by other speakers, there are signs of a new dawning, awakening and enlightenment in Europe in regard to interest rates, which makes eminent sense. It is as with the issue of landlords and tenants and the reduction in rents which is necessary to oil the wheels and keep business moving. It is to be hoped that will happen. I believe it will be good for the eurozone as a whole.