Michael Mullins (Fine Gael) | Oireachtas source

I welcome our guests. The figures on the level of debt in their presentation are staggering. I note in 2012 the level of debt in global southern countries had increased by US$400 million. For what level of debt cancellation or debt reduction is their organisation advocating? I note that US$110 billion worth of debt has been cancelled. What sort of figure would make an impact in these countries?

Regarding the human rights abuses in Honduras, which are very disturbing and worrying when we consider the IFC involvement as an arm of the World Bank, Ms O'Neill mentioned that up to 92 people have been killed. Have any people been brought to justice for those killings? Are they unsolved murders, as we speak? If they are, there is a serious human rights issue there that needs to be pursued at international level?

On the issue of tax transparency, I will not go back over the ground that has been covered but this is a major international issue. It is not something Ireland on its own will solve. As a country we are not going to put ourselves at a disadvantage over our competitors by doing something in isolation. It needs to be addressed at European level and internationally. It is very much on the agenda at European level. Hopefully, we will see some levelling of the playing field into the future because the figures mentioned of capital outflows of between €660 billion and €870 billion of revenue loss in those countries is worrying and that is unjust and unfair.