Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

I wish to echo Deputy Donnelly's remarks regarding the work done over the past few months with regard to the Presidency.

I want to concentrate on two areas, the first of which concerns the financial transactions tax, FTT. We heard at this committee previously that an FTT would be revenue neutral for Ireland, but I dispute that. There is to be enhanced co-operation between 11 member states and the briefing referred to debt management and trade in secondary bonds and said these must be looked at further on. Has an analysis been done with regard to how this affects Ireland, or will it have any effect? Has an analysis been done of any impact this will have on the Irish banking sector, particularly in light of the fact that the UK has done an analysis and is looking at a legal challenge? Have we done that analysis?