Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will conclude with a point on the European Parliament, on which the joint committee had a discussion. I am not sure if members read an article in yesterday's edition of the Financial Times, which states:

Thanks to the 2009 Lisbon treaty, which dramatically expanded its powers - and the guile of some enterprising members - the European parliament now ranks as one of the most influential bodies in the EU. It has recently imposed its will on everything from fisheries to financial reform and the bloc's €1tn budget.

This highlights a growing recognition of the increasing weight of the European Parliament, which has been demonstrated in a host of decisions, notably a recent agreement on banking bonuses. This emphasises the importance of holding meetings such as this on a more regular basis. I appreciate the attendance of Mr. Paul Murphy, MEP, Mr. Gay Mitchell, MEP, and Ms Emer Costello, MEP, and thank all members for their contributions. As there is no other business, I propose to adjourn the meeting.