Dáil debates

Tuesday, 20 September 2011

European Financial Stability Facility and Euro Area Loan Facility (Amendment) Bill 2011: Second Stage (Resumed)

 

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)

This will not be the longest speech I have ever made. I congratulate the Minister and the Government on their efforts. I do not wish to apportion political blame but they have found themselves in a very difficult position and have stuck to their task valiantly. They have nudged away successfully to the point where gains have been made and every little gain is welcome. Much more needs to be done and I have no doubt the Government is committed to doing much more.

I concur with many of the views expressed by Deputy Fleming on the need for the country to live within its means. Annual growth rates of 10% or 11% are not necessary to believe the country is one of the most powerful in the world. In fact, it is a very dangerous position to be in, as we now know.

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