The Taoiseach is ruling out a tribunal into the bank guarantee insisting a parliamentary inquiry will go ahead.

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

The Fianna Fáil leader says an inquiry run by Fine Gael will not be impartial and will not hold those in the 'Anglo tapes' to account.

And the Sinn Féin President says what is needed is for people to find out what politicians met with bankers in the run up to the bank guarantee.

The issue of the Anglo tapes, which were released by Independent.ie, also dominated leaders questions in the Dáil this afternoon.

While the Health Minister earlier launched a scathing attack on what he called the Fianna Fáil-Anglo Irish Bank axis.

James Reilly has told the Dáil that relationship was to blame for people being unable to pay their health insurance. Minister Reilly insisted Fianna Fáil was guilty of criminal negligence or incompetence.

Earlier, the Tanaiste Eamon Gilmore attacked the contents of a second batch of recordings of former Anglo executives.

He also said he was not aware of the existence of the recordings and that the decision to provide a guarantee to the bank was wrong.

"I never believed that the bank should have been given a guarantee, I think that what we are seeing emerging tin these tapes confirms that that position was right" he said.

"The decision to provide a guarantee to that bank - and with the consequences that that has had with the taxpayers money, and for the taxpayer and for the country - was a wrong decision" he added.

While the Minister for Public Expenditure Brendan Howlin said he was 'personally sickened' by the tapes.

"I'm personally sickened by them, I think they underscore an attitude that is unbelievable" he said.

"There is no sense of the incredible damage dine to this country; people at the heart of these decisions obviously knew the scale of what was going to be burned up in this debacle".

"They must have had some understanding of the impact that would have on the Irish economy and the Irish people" he added.