Dáil debates

Wednesday, 13 February 2013

Promissory Notes Arrangement: Motion (Resumed)

 

5:05 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

It is like asking a Toyota dealer whether one can buy a Mercedes from him or her. He or she will tell us where to go.

The main question is where to next. As Deputy Thomas Pringle mentioned, there is the ESM, European Stability Mechanism, and the issue of sovereign and banking debt which needs to be worked out which cannot be allowed slip down the agenda, given the success of last week's negotiations. There is the issue of how the country progresses its successful negotiation strategy in this regard, as well as the robust implementation of the insolvency legislation. While Professor Honohan might be worried tearing the hair out of his head with mortgage arrears, we are more worried about keeping the roof over people's heads, which is the real issue that needs to be debated.

Fianna Fáil had the slogan, “A Lot Done, A Lot More to Do”. My God, it did do a lot. The hole it dug for us is quite large. For the Government there is a lot more to do to get the country back on its feet after that time.

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