Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The discussions that are ongoing have been well recorded in the media. We will continue to negotiate to achieve the best deal possible for Ireland. I am not going to put my negotiating position on the table when everybody could snipe at it internationally. We succeeded in one serious renegotiation and I believe we will succeed in this also, but it will take time. We need to remember the conditionality. There will be no recapitalisation through the ESM until the single supervisory mechanism is in place and functioning. That will take us into 2014. There is a long lead-in time. Every time I come here, I do not want the Deputies opposite to act like the kids in the back of the car who repeatedly ask, "are we there yet?" I do not want to get into that space.

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