Dáil debates

Wednesday, 26 September 2012

10:50 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

-----about the debt sustainability that we have to deal with and about the bigger question of the eurozone and the protection of the euro because Europe itself cannot thrive until this is dealt with. The decision of the Heads of Government was clear in that fundamental to that was to break the link between sovereign and bank debt.

The Commission, in accordance with this decision, published its proposals for banking union on a phased basis, for bank supervision, etc. Of course, there will be difference of opinion about that paper. The paper reflects clearly the decision of the European Council.

I would remind Deputy McDonald that in much of the comment that I have heard about this in the past number of hours the fundamental issue of the agreement has been missed. This was a decision of the European Council, of the Heads of Government. That decision stands. That decision will be implemented.

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