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Dáil
‹ Order of Business

Strategic Banking Corporation Bill timetable

Summary

Deputy Adams objects to rushing the Strategic Banking Corporation Bill, while the Taoiseach says it must pass promptly to enable KfW-backed credit for businesses.

The Government is trying to rush through the Strategic Banking Corporation of Ireland Bill tomorrow. We have been waiting three years - six years since the crisis - to have a discussion on a proper stimulus, so we need to get this right. The programme for Government promised a strategic investment bank but this Bill falls far short of that. We have been arguing that the banks, and the State bank, lending to the real economy is an important piece of setting the economy on an upward track. It is not good enough for the Government to try to rush through this important Bill. It is important and crucial for some SMEs and for the economy and it deserves proper time for scrutiny and improvement. It should not be dealt with in a single day. We object to all Stages of the Bill being taken tomorrow.

Comment on this
Enda Kenny The Taoiseach Fine Gael

It is necessary that this be got through because it will put in place a structure for assistance to be made available from the KfW Bank. I am quite sure Deputy Adams is interested in that. Clearly, at the end of any Dáil session, these things tend to become very pressurised. We have had no guillotine so far this year. I appreciate the support of Opposition parties on some of the technical elements of some of the Bills, but this is one that must be got through. The Minister for Finance has to move on with providing opportunities for access to credit for companies, which is all about the creation of jobs, and the Deputy will understand that.

Comment on this
Seán Barrett An Ceann Comhairle Fine Gael

I will put the question.

Comment on this