Mick Wallace (Wexford, Independent)

Does the Minister of State not acknowledge that the main players in Europe and many major economists are of the opinion that the Union, as currently arranged, will not keep the euro alive? Is it not pretty understandable that the Germans and French are talking about a two-tier union? They do not expect to get 27 countries to agree to the sorts of measures they regard as necessary to make the euro sustainable. Does the Minister of State not agree that we must either accept what the Germans want lock stock and barrel or end up in a second tier? I am not saying it would necessarily be the end of the world.

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