Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Everyone would hope that when we get to the second half, the process will be quicker. Is the Minister essentially saying that at the end of the period of the Lansdowne Road agreement, based on the projections that he has entered into the agreement, that the Government will be 40% of the way towards restoring pay cuts, paying €900 million out of €2.2 billion, and that when we get to the end of 2018, we will see how long more it will take and let us hope it is very short? Is the Minister telling the country that for a minimum of three years and a period beyond, we are in a financial emergency?

Is it correct that the Lansdowne Road agreement is based on the FEMPI legislation continuing to the end of the agreement?