Enda Kenny (Mayo, Fine Gael)

I do not set the agenda. That is the responsibility of Mr. Van Rompuy whom I will meet on Friday. Obviously, we will discuss a number of matters in that regard. As the Deputy is aware, the Minister for Finance has been carrying out extensive negotiations on the principle which was agreed of a reduction in the interest rate. I am sure that matter will again be the subject of discussion at the ECOFIN meeting - probably on Sunday but certainly on Monday. I am also sure it will arise at the European Council meeting next week.

Following on the mandate given to the Minister for Finance, there has been extensive contact between officials and at ministerial level in this regard. We are pursuing that as a matter of priority. I have pointed out on many occasions that the adoption of that principle into a reduction in the interest rate will not be consequential on any shift in Ireland's position on the 12.5% corporation tax rate.

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