Michael McGrath (Cork South Central, Fianna Fail)

This issue is coming to a head very quickly because Greece will run out of cash by mid-November. What is the Government's position? What does the Minister advocate on behalf of the Government when he sits around a table in Europe to discuss Greece? Can Greece be allowed to fail? Should it get the next tranche of money no matter what, or only if it meets the targets set out in the first bailout deal, through which it is still working?

What is the Government's position on Greek debt and related private creditor involvement? Is it the Government's view that the voluntary 21% rate needs to be increased? Is that a matter we are advocating in Europe?

The IMF stated today that bank recapitalisation across Europe might cost between €100 billion and €200 billion. What is the Government's view on that and how it is to be funded?

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