Enda Kenny (Mayo, Fine Gael) | Oireachtas source

People made the point very vociferously that every national government was reducing its individual budget in order to get its own circumstances into better shape. Any additional proposals or policies should be in addition to the central decisions made by the European Council. It is really important that people see that the decisions made are followed through, as I said in respect of the decision of 29 June last to break the link between sovereign and bank debt. That means banking union in its three different sectors. One of these is now virtually in place. The second area, bank resolution, is being discussed, and the third deals with deposits and a Europe-wide guarantee. These are central to an efficient European banking system and they are not easy because they are technically complex. That is what European leadership and politics should involve. We would be very happy to hear of anything else that comes along if it is additional to and of benefit to that process.

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