Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Mr. Juncker has been a close friend and ally of Ireland.

In formal session of the European Council we discussed the whole question of the European Council's response to the requirement to deal with the OECD programme for BEPS and the tax structures in other countries. Everybody agreed to participate openly and fully in this, as Ireland is doing. That is why, in the most recent budget, the Minister for Finance made the announcement that we have ended the "double Irish" concept with a transition period out to 2020, thereby giving clarity and certainty to companies. We are forthright in our support for that.

The answer to Deputy Martin's question is "Yes." The direct recapitalisation concept remains open and on the table, but there are now other options in terms of the value of the banks.

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