Dáil debates
Wednesday, 29 October 2008
European Council: Statements
6:00 pm
Joe Costello (Dublin Central, Labour)
We have articulated the Labour Party position strongly. The European Union position was that all member states should come together and that the issue was one of liquidity rather than providing guarantees for the various financial institutions. While we have gone down the road of doing this, President Sarkozy believed we had been successful in doing so and taken all of the liquidity out of the City of London.
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