Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

My party initiated the financial services centre in Dublin over 25 years ago. The IFSC has created sustained and significant employment for more than 25 years. I am sure the Taoiseach will agree that it is important, as a policy objective, for this country to keep track of the issues and the evolution of the industry. This is one of a range of industries that need to be maintained and sustained in employment terms.

I have many misgivings about the Cypriot deal. A Rubicon has been crossed with the decision to raid deposits. More fundamentally, it seems that the troika and the European institutions have essentially dealt a death blow to the financial services industry in Cyprus.

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