Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I will outline for the Deputy two principles to help him. First, we will not favour any write-off of debt for the reasons I have given because if we write off debt, it will make a hole in everyone else's balance sheet. If we park debt - even if no interest is being paid on it - the debt is still owed on the balance sheet. Second, I want Greece to stay in the eurozone. I would not favour any strategy that would encourage, induce or drive Greece out of it.