Dáil debates

Wednesday, 6 June 2012

10:30 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

Are there secrets between the Germans and the Irish? I will put it this way to Deputy Micheál Martin who is well aware that this is not like a situation in which the British Prime Minister, for instance, may find himself where there is a Prime Minister, a Parliament and a bank. In this case there are 17 Prime Ministers, 17 Parliaments and one bank. As these Parliaments and Prime Ministers have different views, it is not a case of starting a process in which there is consensus across the board. In fact, at the European Council meeting at which the issue growth was discussed I also raised the question of the possibility of licensing the ESM in respect of a direct injection into banks and separating sovereign debt from bank debt. That view was shared by quite a number of other leaders. It is the right argument the European Union should now make. The point is that 17 Governments, 17 Parliaments and one bank have to-----

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