Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

While the Fianna Fáil Party views the agreement as necessary, it is not a solution. Greece remains on a life support machine and this agreement will not change that. I predict that further amendments will be made to the Greek loan facility because it still has some distance to travel. The European Union's handling of the Greek debt crisis is an example of how not to deal with a crisis. The initial solution provided in 2010 and its subsequent iterations have not been sufficiently comprehensive and did not address the root of the problem. Further changes will come before the House because the Greek debt and deficit are not on a sustainable path. While the agreement marks an improvement, it is certainly not a solution.

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