Dáil debates

Tuesday, 3 July 2012

4:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

My point is a group comes forward with agreed papers. It is not a case of one person dictating what goes into it at a particular point. These groups of officials present papers to leaders, who then decide on the principles and the detail eventually is worked out. I note that before we ever got to that meeting, the Government had made it perfectly clear what was the Irish position. As I told Deputy Martin in response to a question earlier, we seek a top line, rather than a bottom line, namely, the maximum benefit for the country.

Deputy McDonald also mentions the promissory notes. All that information and all the discussions that have taken place will now feed into the process which the Minister for Finance, Deputy Noonan, will lead from next Monday, 9 July. As the Deputy is aware, the last line of the statement states, "We task the Eurogroup to implement these decisions by 9 July 2012." That is impossible and the process will start at that point. However, I hope it can be concluded within a relatively short time.

Deputy Boyd Barrett mentioned the ESM and the promissory notes, which feeds into that discussion. There is a case before the courts at present in respect of the ESM and I do not wish to make any comment about its outcome because I understand the justice will give her decision before 9 July-----

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