Enda Kenny (Mayo, Fine Gael) | Oireachtas source

He is aware of the interest rate reductions and the lengthening of the debt profiles. He is also aware of the decision taken by the European Council on 29 June 2012 in respect of the European stability mechanism, which has the potential to deal with the recapitalisation of banks. He is aware of the progress made by our Minister for Finance, as chair of the Council of Ministers, in dealing with banking union, banking supervision, the Capital Requirements Directive IV and the opportunity to move to a point at which we can have assistance from our European colleagues.

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