Joanna Tuffy (Dublin Mid West, Labour)

The Deputy has used half the time in the slot.

We are at a fork in the crossroads. Niall Ferguson, the contemporary economic historian, has said either we are courageous and articulate on how to make up the democratic and political deficit and get on with moving towards a banking union with a federal union of countries or the whole thing will unravel. The consequences of that could be the modern equivalent of what Creditanstalt did in Austria, even notwithstanding the gold standard, and the euro is the modern equivalent of the gold standard. Everything could go awry and astray.

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