Fianna Fáil TD for Cork-East Ned O'Keeffe has called on the Taoiseach to resign immediately.

In a statement tonight, Mr O'Keefe said Brian Cowen had lost the confidence of the public.

He added that as the country is experiencing the worst economic crisis of our lifetime we do not have the strong leadership required to address the many major problems.

Mr O’Keeffe said the decision to inject further billions of euros into the banks in the same month that the carers allowance was reduced was totally unacceptable.

He said there was ‘far too much secrecy and too little transparency in the manner in which the Government is conducting its business’.