Brian Lenihan Jnr (Dublin West, Fianna Fail)

I am telling the Deputy from facts at my disposal and from facts at the disposal of my officials in the Central Bank what the facts are, and those are the facts.

The obsession of the Deputy's party, which I anticipate it will continue to air in the general election campaign, that Ireland should default is one that will do great damage to this country. I will try to spell out the position in plain language for the Deputy. If a house is not on fire and the Deputy says it should be torched and that house happens to be a bondholder and the next-door neighbour is a depositor, what does the Deputy expect the depositor to do, to stay in his or her house? The idea that the working of the credit system can be undermined in the way Sinn Féin advocates-----

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