Dáil debates

Tuesday, 9 October 2012

4:05 am

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

Obviously, the discussions that take place prior to European Council meetings, and consequent to them, can be complex and quite varied. Deputy Ross will recall that there was a view that there would not be an interest rate reduction from a European perspective, that there would not be a temporary bailout system, that there would not be a permanent bailout mechanism, that there would not be an ESM, that there would not be a second bailout for Greece and that there would not be a break between sovereign and bank debt. All of these issues have happened and have been implemented, or decisions have been taken in respect of them but have not been implemented yet.

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