Tánaiste Mary Coughlan has told the Dáil that she intends to replace FÁS with a new training agency.

During the ongoing economic debate, Ms Coughlan said it was her intention in the New Year to see a renewed and freshly mandated training agency assume the organisation’s training work.

The Tánaiste said the eyes of many will be on Ireland over the next few weeks as it sets a course to rectify the national finances.

She said it was a difficult time for the Opposition parties but she welcomed what she called the constructive nature of some of the contributions to the economic debate.