Michael D'Arcy (Fine Gael)
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I thank Mr. Buti. Mr. Buti used the term "incomplete set of tools" on a number of occasions. In previous evidence we found out that the Department of Finance in Ireland, before the guarantee before the crisis, considered passing special resolution legislation. The reason that was not used was because it could create the concern that if the legislation was on the Statute Book, perhaps somebody would require it. What is Mr. Buti's view of special resolution legislation?

Should that be on all eurozone statute books, or should it have been on all statute books?