Lucinda Creighton (Dublin South East, Fine Gael)

We are working very hard to come to an arrangement in regard to promissory notes, as Members of the House were informed by the Taoiseach. We will continue our efforts to ensure we arrive at better terms and conditions for this State in terms of debt sustainability and prospects for growth and job creation.

However, that is not to say we will not work with our European partners to ensure that in future member states will comply with the terms of the Stability and Growth Pact. If we do not have clear rules in place and if these are not enforceable our currency will never regain credibility and confidence on the world markets. If that does not happen not only Ireland but the whole European Union will be in a very dangerous place.

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