Dáil debates

Wednesday, 22 June 2011

11:00 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

Yes, I understand that. The American company involved expects to double its workforce here. A man on the site said to me on that day: "It's great to hear the sound of buckets rattling round this site again." That is the type of expression of confidence we must get back. The Government is focusing on those priorities in order to get us back to a point where we can borrow on the international markets and be in charge of our own destiny.

The Minister for Finance, Deputy Noonan, in the context of setting out the achievements of Government since its election made the point that bond holders in Anglo Irish Bank and Irish Nationwide Building Society are in a different position to other banks. We cannot decide this matter unilaterally. The discussion in that regard will take place with the European Central Bank in the autumn. It is not a matter for discussion at the forthcoming European Council meeting on Thursday and Friday. I have already made clear that discussion will take place with the European Central Bank in autumn because the matter cannot be decided unilaterally.

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