Micheál Martin (Cork South Central, Fianna Fail)

-----or else everything will collapse. I accept the Minister of State's acknowledgement that the summit did not deal with the central driver of the crisis.

I will ask a brief question before handing over to other Deputies. Does the Minister of State agree that allocating 1% of the overall European budget to the growth agenda is inadequate and that the tortuous mechanisms being devised via the European Investment Bank will not have the necessary impact in terms of growth to deal with a European unemployment rate of 11.1% or ensure relief for people on the ground? What is meant by the reference in the summit's conclusions to progress being made on common tax policies?

See this speech in context