Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

As Deputy Ross knows, a number of months ago a court in New York stated Argentina had to pay back money to people against whom it took unilateral action. One of the reasons an Argentinian naval vessel was impounded recently in a foreign court was because creditors stated Argentina broke its word. It is the reason the Argentinian state aircraft cannot leave its boundaries for fear of being impounded. This is the nub of the challenge we face. I wish this commitment had not been given, but the risk of us unilaterally breaking it is too high when we need to borrow so much to fund what we cherish.

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