Brian Cowen (Laois-Offaly, Fianna Fail)

The Union's finances and the banking system generally provide a context for the discussions on the permanent crisis mechanism. Along with our colleagues at Council level, we will work through the issues that are up for discussion. I refer specifically to the permanent crisis mechanism. It is important to note that much of the speculation, including people's projections about what they think might represent a solution to the problem, can create its own problems in terms of market reaction, as we have seen. We have to discuss these issues with our colleagues this week.

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