Timmy Dooley (Clare, Fianna Fail)

-----towards the concept of burden-sharing. Some might argue this would once have constituted default. The voluntary nature of the exercise may allow the language to change slightly so we do not enter the default process which is considered to be very negative from the market's perspective. Over time, euphemisms will be found for "default" and "burden-sharing" that will become more palatable.

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