Seán Kyne (Galway West, Fine Gael)
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I welcome the Minister of State to the meeting. He spoke about the return to stability after years of concern about the euro. Ireland plans to exit the bailout in December, which will be very well received among his European colleagues. What has been the feedback from them with regard to that exit? I refer to the concerns about other countries such as Portugal and Greece, and also the Italian economy.

The banking union involves an integrated system for the supervision of cross-border banks. If this system of oversight and supervision had been in place for the past decade, what would have been the impact on our economy and on events in the banking sector? Will a referendum be required on the question of a banking union? The European semester 2014 refers to country-specific recommendations. What is required in Ireland? The European semester 2014 programme will only fully apply to Ireland once we exit the IMF programme.