Dáil debates

Tuesday, 30 March 2010

8:00 pm

Photo of Eamon RyanEamon Ryan (Dublin South, Green Party)

It would be difficult legally to differentiate between them and say we will not touch the ECB but we will touch Deutsche Bank or whichever bank is involved.

Having examined this inside out and having tried to determine what is the easiest way for us to get out of this, the default option is the more expensive and risky. It would require us to take the hugely risky step for which David McWilliams argues. While I respect his opinion and I understand his analysis - he has a certain credibility having called some of the problems in the first place - I do not agree with him that this is the right approach for the country because our problem is on a scale we can manage. It is a lower cost solution, as shocking as it is and as difficult as the figures are, to managing this in the way we are.

Comments

No comments

Log in or join to post a public comment.