Michael Noonan (Limerick City, Fine Gael)

We do not plan against all eventualities but we have some contingency planning against what might be probable rather than what is improbable.

Deputy Wallace is right on the money when he speaks about Switzerland. His analysis is absolutely correct.

It is also true to say that it suits Ireland to have the euro weakening at present because our main customer countries are dollar countries and sterling countries. If the euro comes down, that will restore some of the growth that we are losing in our export markets into the UK and into the United States, our two biggest customers.

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