Enda Kenny (Mayo, Fine Gael) | Oireachtas source

The Deputy has been involved in the financial sector for many years and has very clear and strong views on this issue. I had an opportunity to give a report from an Irish context on the difficulties we faced. I referred to the fact that there were no tools available when this difficulty struck Ireland and emphasised the requirement to follow through on decisions made by the European Council in respect of banking union resolution and the opportunity for consideration of direct recapitalisation in respect of the legacy position. The Deputy has argued his case cogently in many fora. It is important to point out, however, that were the same to happen now, the situation is very different in that the mechanisms have been put in place to deal with things in a more structured way than was possible when Ireland got into this mess in the first place.

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