Kieran O'Donnell (Limerick East, Fine Gael)

Perhaps the Minister will, in respect of the €3 billion mentioned, provide the House with a broad breakdown between expenditure and taxation. Perhaps also he will comment on the fact that relative to other countries our bond spreads are and have been consistently high. Does he agree with the view that we continue to have a credibility issue with which to deal in terms of the budget measures introduced in 2007 and 2008 which were a little too late and how does he intend to address the bonds crisis in terms of borrowing on the international markets?

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