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

When future historians come to write books about recent events in Ireland and when their readers browse the indexes relating thereto, one of the first phrases they will encounter under the entries relating to Fianna Fáil will be "promissory notes". The promissory notes and the payments relating thereto constituted, as Deputy O'Donnell noted, a booby trap for generations to come, because tens of billions of euro in debt were stored up for future payment, and for the incoming Government, as a result of the deferral of billions of euro in interest payments for a period in which Fianna Fáil knew it would not be in power, so that the new Government would be obliged to deal with the matter. Commentators sometimes inquire as to what is the difference between the political parties in the House. Fianna Fáil created the promissory notes and this Fine Gael-led Government has ended them. That is the difference. It is a very clear difference.

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