Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

I realise Mr. Carrigan is not a member of the European Council, but can he tell me what will change when this system is implemented? What will happen when a major bank gets into severe difficulties of the type which have wrecked our economy, the upshot of which has been to place the burden on the working class and taxpayers by way of massive austerity. Old debt has been replaced by new debt which has in turn been placed on the shoulders of taxpayers. Will the same principles apply?