Dáil debates
Thursday, 24 January 2013
Euro Area Loan Facility (Amendment) Bill 2013: Committee and Remaining Stages
11:20 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
The Title is a misnomer as it is entirely incorrect to suggest the agreement will enhance the stability of the euro area. It will do precisely the opposite by further destabilising the Greek economy. It is likely that a slightly different or modified version of the model used here will be applied to Ireland in the near future. All of the models put forward thus far have failed because rather than delivering stability, they have brought devastation and instability. The Bill is misnamed and I do not support it.
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