TAOISEACH Enda Kenny says he can understand the "rage and the anger" provoked by the secret Anglo-Irish Bank tapes.
Mr Kenny said he is constrained in what he can say because of numerous investigations into Anglo, but said he understood how people would feel listening to and reading the tapes, as revealed by the Irish Independent and carried on independent.ie.
"Believe you me, I understand the rage and the anger of so many people who have been affected by all of this," Mr Kenny said in Dublin this morning.
Mr Kenny said the Government had produced legislation that would allow for a banking inquiry, but it had yet to be decided how exactly to carry this out.
He also said there were well over a million pages and "many many tapes" that would have to be investigated as part of a banking inquiry.
Mr Kenny added: “I do understand people’s outright anger about this carry on.
“I have heard the tapes or the section of the tapes along with everybody else. Let’s reflect on the situation that was arising here where you had a situation where the Government of the day was fuelling the construction economy where there was very light touch regulation and this is the result.”
He also said the Government wants to make sure its legislation to carry out a banking inquiry will be “sufficiently comprehensive”.
“It’s important that we get this right when it happens and that’s why I expect the legislation on the Oireachtas Inquiries capacity will be finalised before the summer recess,” he added. The Government will make its decision as to how best to proceed here.”