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

I have three questions on the Taoiseach's engagement in Davos. The first relates to changes taking place in other countries with regard to corporation tax rates and the taxes levied on businesses. Were the investors to whom the Taoiseach spoke asking questions about our plans for the future, recognising that the environment in which we operate is getting more competitive by the month?

My second question relates to the meeting with the managing director of the IMF and what discussion is being given to allow countries successfully exit and stay outside bailout programmes. This Government will ensure that Ireland exits the bailout programme but we will do so in a very uncertain and volatile international environment. What planning is being done by the IMF to ensure that countries meeting programme requirements can stay outside bailout programmes when they are completed?

My third point relates to deficit reduction. The Taoiseach made a very fair point that the report from President Barroso that set off some debate on austerity came after the meeting in Davos. The same report and the table within showed that Ireland is one of the few countries that have been successful in reducing the amount it needs to borrow every year. This Government inherited an unsustainable borrowing requirement from Deputy Martin's party and, year on year, we are reducing that cost. It is down €3 billion from last year. What recognition is being given by the IMF and other bodies for the progress being made?

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