Economic crisis - Dáil should be recalled immediately

FINANCE Minister Brian Lenihan said Rabobank/ACC Bank’s actions in forcing Liam Carroll and John Fleming to seek court protection by resorting to examinerships for their companies with borrowings of more than €1 billion each, has highlighted the need for the establishment of the National Asset Management Agency (NAMA).

The Government should therefore recall the Dáil, because it will have to pass the necessary legislation. If the foreign banks are successful in their claims, it could jeopardise our whole Irish banking system.