Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Yes. The proposal at the time involved the imposition of a financial transactions tax at a very small level to fund overseas development aid, in effect. The plan was that it would lead to a big international budget for this purpose. Sweden was the only country to put in place a financial transactions tax along the lines suggested. It was a disaster from Sweden's point of view because it closed down the Swedish financial sector, in effect.