As the Minister has indicated, there is no private sector involvement for Irish senior bank paper or Irish sovereign debt without the agreement of our external partners. This commitment has been agreed with our external partners and forms the basis on which Ireland's future financing strategy is built. This, I strongly contend, represents the best approach which will achieve our re-entry to financial markets and allow policy decisions to be made in this House as opposed to in conjunction with the troika.

See this item in context