Michael Noonan (Limerick City, Fine Gael)

There is a reasonable economics-based argument to be made for it but I am giving the Deputy the European Central Bank's position. All the advocacy in the world will not move that position currently. In the UK there will be a third or fourth tranche of quantitative easing shortly and it is being considered in Washington DC as well. Europe has been awash with liquidity so throwing more petrol on the fire may not be the solution.

I do not support a European super-state but I support a European currency that would be properly managed. To run a currency across the nations of Europe-----

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