Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Deputy and his Fianna Fáil colleagues are like the arsonist who set fire to the building and blames the fire brigade for not putting it out fast enough. That is the position into which they have argued themselves. We would not have to address these issues were it not for decisions taken by a Government in which the Deputy participated. I do not want to recite the history. While the technical instrument should be in place by November, it is subject to ratification by member states. If it is in position by November, it leads us to the next step of deciding when to time an application for retrospective recapitalisation. There is no way of advancing the timeline beyond that because it is subject to the international agreement of all the member states.

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