Michael McGrath (Cork South Central, Fianna Fail)

I welcome the commitment of the Minister and the Government not to trade our corporation tax sovereignty for a reduction in the interest rate. However, a reduction in the interest rate was held up during the election campaign as a prize worth pursuing and one which was deliverable. A 1% reduction on all the EU sources would mean €450 million a year, which is not insignificant and might help to soften the austerity measures being applied. When is the next opportunity to pursue this, is it firmly on the agenda and when does the Minister hope to have an outcome?

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