Enda Kenny (Mayo, Fine Gael)

More important, we will be in a position to gain the confidence of the markets; if they invest in a country like this, they can be sure of a return.

The fiscal union was destroyed following the Deauville agreement which is why the private sector involvement, PSI, has been taken out of the ESM, European Stability Mechanism.

As leader of the Government and the country it is my job to put on the table a solution which we will follow through in reducing the high interest rates for the recapitalisation of our banks. The bailout burden actually stood at one point at 50% of our gross domestic product, €63 billion. This was to save European banks and citizens. As a consequence-----

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