John Paul Phelan (Carlow-Kilkenny, Fine Gael)

Such projections are made on the basis of an analysis of the figures as things stand and a prediction of how things might progress into the future. One cannot have concrete evidence in support of that. I do not understand why the Deputy spoke so passionately about this legislation. Although it is modest in its content, it is quite progressive. It will bring an end to the system whereby the largest IMF member states are allowed to appoint members to the board of the IMF. Instead, all future members of the board will be elected. I would have thought the Deputy would be in favour of that. It is certainly positive from an Irish point of view.

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