Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

The second benefit is that the deficit, which is very difficult, is to be reduced by €1 billion. That will have a tangible benefit in terms of the budgetary decisions that we have to make. Third, it will reduce the debt burden on the Irish people and will help this country to recover.

Deputy Adams said that we have to tell it straight. There is no way of coming in with a magic wand, trying to zap it all away and say we will not pay, we do not have to pay.

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