Enda Kenny (Mayo, Fine Gael)

I can confirm that discussions are continuing between officials at European level. However, I am not in a position to say a deal is on the table or that it will be defined by a certain date. Nobody should run away with the view that we have heightened the expectation that a "big bank solution", as some call it, will be reached. Ireland's economic problems are much more complex and much more sensitive than this. I can confirm that the Government's activity and energy, through its officials, are being channelled into this issue in a realistic way. Ireland has measured up during five detailed assessments by the troika. It has adhered to all the conditions laid down. We will look for an opportunity to gain further support here. If we secure a longer extension and a lower interest rate, it will make it easier for us to deal with the deficit and meet our repayments. Obviously, I will report progress to the House when it is made. However, I am not in the business of heightening expectations by suggesting we will have a solution to this complex matter by a certain date or time.

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