Welsh Conservative Assembly Leader Andrew RT Davies AM took part in a combative exchange with the first minister over how many managers it takes to run the Welsh civil service, during questions to the first minister on 22 May 2012. Carwyn Jones AM responded to the question by saying that as every AM manages staff, there are sixty managers in the Assembly chamber alone. He said: "It's quite right that people should have responsibility for managing finances, for managing other staff and for managing their own workload. In that sense, they're all managers. Mr Davies characterised that answer as "absurd" and argued that managers in the civil service amounted to 80% of the entire staff. He said: "First minister, you get poorer and poorer by the week. An organisation that has eighty per percent of its staffing characterised as managers really is not a dynamic organisation by anyone's category, particularly in the world of business. The first minister responded by asking what the Welsh Conservative Assembly Leader knew about business and pointing out that the exchange took place on the day the International Monetary Fund (IMF) had told Mr Davies' party "you've got it wrong." That was a reference to the International Monetary Fund saying the UK's continuing economic weakness means authorities should consider more quantitative easing and even cuts to interest rates. Plaid Cymru Leader Leanne Wood AM asked Mr Jones whether he agreed with the new French President Francois Hollande's idea of levying an EU wide Financial Transaction Tax. Ms Wood claimed such a tax would raise £57bn euro annually, including £435m every year for Wales. The first minister said he thought the tax would make sense so long as it is applied "as broadly as possible," taking in North America as well as the UK and the EU. Welsh Liberal Democrat Leader Kirsty Williams asked Mr Jones when his government would introduce the policy, agreed following discussions with her party, of introducing government guarantees for mortgages for first-time buyers of up to 95% for new build homes. Mr Jones said he expected the policy would be enacted "as quickly as possible."