The Taoiseach Enda Kenny is ruling out a tribunal of inquiry into the bank guarantee, insisting a Parliamentary inquiry will go ahead.

Mr Kenny has told the Dáil that an axis of collusion existed between Fianna Fáil and Anglo Irish Bank.

The Fianna Fáil leader Micheál Martin said an inquiry run by Fine Gael will "not be impartial" and will not hold those in the 'Anglo Tapes' to account.

Sinn Féin President Gerry Adams said: "What is needed is for people to find out what politicians met with bankers in the run up to the bank guarantee."

Mr Kenny said that can be found out in a Parliamentary inquiry.

He said: "The issue of who met who is one for politicians and former politicians should have no problem addressing when they attend the Parliamentary inquiry.

"I think it is absolutely imperative in the public interest that these matters be teased out and that they be identified."