Aodhán Ó Ríordáin (Dublin North Central, Labour)
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I would like some clarity on what seems to be the evolving opinion or consensus on this issue. The Governor of the Central Bank made a speech some 18 months ago in which he was very critical of the proposal for a financial transaction tax. He placed heavy emphasis in that speech on potential jobs losses and the disproportionate impact on the Irish financial sector. However, when he attended a meeting of this committee more recently - not last week but on the occasion prior to that - and I asked him his current view on an FTT, it seemed his position had softened somewhat. I do not have the transcript of that meeting to hand, but his position certainly seemed to have shifted. Is Ms McVeigh aware of that shift in the Governor's view? Is there regular liaison between the Department and the Central Bank on this issue?