Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

Mr. Wolfgang Munchau said it reminded him of a synthetic collateralised debt obligation. We have just been through a financial crisis which arose because of fictitious capital and this is our answer. In the context of a social revolution across Europe and a Government committed to public investment, would it not be preferable to have an actual €300 billion investment as opposed to a notional €300 billion based on €13 billion?