Dr. Aidan Regan:

The Deputy makes an interesting observation. The technical answer is yes there could be enhanced co-operation among a core set of countries, which exists already for the financial transaction tax, but that is not quite where these countries would want to go. As long as Ireland can do what it does there is very little point in having a CCCTB. However, as I said, there could be enhanced co-operation among a set of countries would that allow them to pursue - to use a popular term now within Europe - a multi-speed Europe and differentiated types of integration.