Finian McGrath (Dublin North Central, Independent)
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Question 35: To ask the Minister for Finance if he will support a matter (details supplied). [14085/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I have noted the proposal regarding the Global Disaster Funding Bank Corporation, however I cannot support it. At this time of unprecedented economic and financial crisis, it is imperative that we respond quickly in an effective, cooperative and coordinated manner to bring about a resolution to this crisis and restore economic and financial stability as soon as possible. Ireland is committed to the G20 process and we welcome the discussions that took place at last week's London Summit and the resulting pledges to:

· restore confidence, growth, and jobs;

· repair the financial system to restore lending;

· strengthen financial regulation to rebuild trust;

· fund and reform our international financial institutions to overcome this crisis and prevent future ones;

· promote global trade and investment and reject protectionism, to underpin prosperity; and

· build an inclusive, green, and sustainable recovery.