In my own opening remarks, I would like to briefly recall the background to the current issues in our financial system and in the economy more generally, up to and including the nationalisation of Anglo Irish Bank, and to outline the on-going role of the Central Bank in dealing with these issues.
As you know, last week’s Government decision regarding Anglo Irish Bank was taken in consultation with the Central Bank and Financial Regulator. This necessary decision reflects the commitment of the authorities here to maintaining the stability of the financial system and demonstrates that whatever actions are necessary in that regard will be taken.