Richard Bruton (Dublin North Central, Fine Gael)

I did not promise. We only made explicit quarterly commitments in this document. We have committed to introducing it in the second quarter for the reason that it must come before this House as a legislative proposal because the Oireachtas is underwriting the State providing a guarantee to banks and this is an action which requires legislative underpinning. Ministers cannot willy-nilly offer guarantees on loans as this must be done with legal authority, with the Oireachtas satisfied that we have put in place a robust structure. We have designed the structure, appointed an operator and we will shortly introduce legislation in the House which can then be debated. This has to be done properly-----