Paschal Donohoe (Dublin Central, Fine Gael)
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The difference between Microsoft and a bank, in particular a large one, is the issue of systemic importance to an economy. I think somebody said banks lived globally but died locally. Let us say we reach this point again, that by that stage the ESM is able to directly recapitalise banks and that the people running it make the decision that before it can directly capitalise banks, the Irish taxpayer has to make a contribution to it, all of these decisions would be made by people not part of any national body or not accountable to the Government, let alone the Oireachtas. Does that then not throw up another question of accountability that is as big as anything we have dealt with to date?