Ruairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I get that. There will be an attempt to deal with it within the rules, which will need to be consistently and constantly reviewed to ensure they do exactly what they say on the tin. That is vital.

Mr. Gentiloni spoke about the fiscal rules and governance. I am going to take an inference from what he said and some of what has been reported to the effect that Mr. Gentiloni believes Europe made a number of wrong moves during the period of austerity and the banking crisis, and that such criticisms do not apply now. How does he see the consultation going and what would he like to see happen with the fiscal rules? We obviously do not want a return to austerity. We want to keep the ship afloat and if there is a need for investment to stimulate particular parts of the economy in particular states, that will be necessary.