Dáil debates

Wednesday, 2 November 2011

European Council: Statements

 

12:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

Deputy Martin seems to suffer from some sort of illusions with regard to what happens at European Council meetings. The agenda for this meeting was set because of the potential catastrophe which faced the eurozone. The first meeting was postponed because of ongoing negotiations about the Greek situation. The first item on the agenda was Greek debt and the Greek situation. It was not about Ireland paying Anglo Irish Bank. The second issue was about recapitalisation of European banks. The third issue was the fear of contagion and the fourth issue was about governance and how we could focus on the future while 23 of the 27 member countries are currently outside the conditions of the Stability and Growth Pact.

Portuguese debt was not on the agenda. The repayment of this bond was not on the agenda.

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