Brian Cowen (Laois-Offaly, Fianna Fail)

We will seek to deal with that situation in the best way we possibly can. When I talk about corrective action, I mean we must cut our cloth to meet our measure on the basis of the revenues available. That is what we must do and we can do this on the basis of consolidating the progress that we have made thus far, if we go about it in a sensible manner. However, there is no painless or easy formula that the Opposition might like to suggest by which this can be done.

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