Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

The banking union has been referred to. The presumption is - it has gone abroad and has got considerable legs at this stage - that there is no need to repay borrowings on one basis or another. That has become acceptable in general conversation. There are institutions within member states called central banks which govern lending policy in individual member states. Departments of finance do similarly. Is it expected that banking policy, as pursued under the aegis and guidance of individual member states' lending and borrowing policy, absolves the country from liability thereafter in the event of severe consequences which we had in this country also?

This is hugely important in the context of the direction Europe is taking at this time. I have more questions and may come back to this again.