Speaking on RTÉ Radio’s Morning, Mr Kenny said taxpayers’ money should be carefully employed

Last night, Minister for Finance Brian Lenihan said there was much tougher talking to be done before the Government signs off on the plan.

He said the Government will call the shots and will have a substantial influence.

Minister Lenihan said the Government has a detailed assessment of the banks’ debts but it would observe due diligence before investing in the banks, as any investor would.

Meanwhile, a group of teachers from all three teaching unions, ASTI, INTO and TUI, are to stage a picket at Anglo Irish bank, on St Stephen’s Green this afternoon.

Teachers United says the protest is to highlight the underfunding of the education system, while the banks are being bailed out.