Thomas Pringle (Donegal South West, Independent)

All commentators and economists throughout the world seem adamant we will require the second bailout programme. Options are available to the Government. The EFSF is one option. I call on the Tánaiste to explain to the House why chapter 1.4 of the articles of association of the EFSF states that financing granted prior to such dates may have scheduled maturities falling after such dates and disbursements thereunder may occur. The option is open to the Government to make a decision in 2013 and to apply to the EFSF for roll-over funding or a new programme. This will ensure our funding in future. That option is open to the Government. Why does the Government not consider it?

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