Micheál Martin (Cork South Central, Fianna Fail)

I thank the Ceann Comhairle. The Taoiseach has now just confirmed that close to half of the bailout fund is beyond any reduction in interest rates. More than three months have elapsed since all governments in Europe agreed that funding costs, as it was put, "should be lowered to better take into account debt sustainability of the recipient countries". Since then, the only thing that has been lowered is the amount for which we appear to be negotiating. Delay, uncertainty and regular leaking by different countries is causing immense damage-----

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