Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. O'Flynn and his colleagues. I also welcome Deputy Joan Collins. I thank Mr. O'Flynn for his presentation. I join others in commending the group. It is a group of immense conviction. It has stayed the course on this issue. As Deputy Pearse Doherty said, it has helped to shape public debate and has had influence - more than its members might think.

Based on the figures Mr. O'Flynn is presenting, more than half of the debt, as such, has been sold on in the form of Government bonds. Another €14.5 billion, Mr. O'Flynn says, is still resting with the Central Bank. Is his position that we should not advocate that Ireland take any form of unilateral action?