Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

I and my party opposed the blanket guarantee of the banks in 2008. We have inherited the consequences of that decision and the consequences of some of the bad decisions made after that. We have a choice in these situations. We can either be overwhelmed by the crisis that we face or we can come up with the cleverest analysis of it but that does not get us anywhere. What gets us somewhere is facing into the crisis, starting to deal with and trying to resolve it. We have made progress in several dimensions in resolving that. We have made progress in the renegotiation of the terms of the bailout arrangement.