Aodhán Ó Ríordáin (Dublin North Central, Labour) | Oireachtas source

My final point is the financial transaction tax, FTT, which I raise as often as I can. At the last ECOFIN meeting, British Chancellor of the Exchequer, George Osborne raised the possibility of taking a legal challenge against the imposition of the FTT, and Ireland is not going to support him in that. Approximately a year ago we had a conversation here with Patrick Honohan, who seemed to have softened his approach to the FTT. He felt circumstances had changed and that it would not have as detrimental an effect as previously perceived. The argument is that we would not support it if the UK did not support it, and that the UK would not support it if New York did not support it. Is that still our view, or has it changed?