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

I thank Sir Bill Cash for his dissertation, which was very interesting, but like many things, it carried a few contradictions. For example, we are an international trading country with a small population and an open economy. So we are somewhat different from many other European countries. With our bailout, we had to do things quickly because there was huge erosion in terms of confidence and capital flight that could not be tolerated.

Sir Bill Cash mentioned quantitative easing, which incidentally has been practised by Britain.