Dáil debates

Wednesday, 8 June 2011

10:30 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

It is also a necessity to focus on restructuring the kind of system that will apply under the ESM when it comes into operation in July 2013. We do not want a situation where one enters a mechanism out of which one cannot get. That is an issue I intend to raise at the meeting of the European Heads of Government later this month.

In essence, Ireland is not conceding on its 12.5% corporate tax rate, and we will continue to push for the interest rate reduction to which the OECD, the IMF, Commissioner Olli Rehn, other Commissioners and other countries have said we are entitled. It is unfair, having renegotiated in the circumstances of the austere set of conditions in which we found ourselves, that some are of the view, because of national interests, that we should not have an interest rate reduction which has been applied to others without extra conditions being imposed on Ireland.

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