Pádraig Mac Lochlainn (Donegal North East, Sinn Fein)

-----are exposed to all of the various vehicles that are proposed. They have not been rigorously stress tested. All of the books across Europe - not just in Ireland - should be opened. The truth should be put on the table. When the rigorous stress tests reveal all the facts about the reality of the extent of this crisis, the banks can deleverage and we can recapitalise them on a case by case basis. Why has that not happened already? Why has the need for truth not been dealt with? I suggest that the core states want to ignore the truth. It is easy to sell a narrative about Greece, Ireland, Portugal and Italy being feckless and to suggest that people in the south of Europe and on the periphery of Europe do not have the same sense of discipline, responsibility and organisation as people in the core states.

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