Enda Kenny (Mayo, Fine Gael) | Oireachtas source

-----cabinet meeting of the new Government of Greece, the Prime Minister issued a statement saying that Greece would not default. That is not in keeping with Deputy Adams' philosophy, I understand. The Prime Minister indicated that Greece is prepared to negotiate and the forum for negotiation is the Eurogroup and the ECOFIN meeting. That is where the Minister, Deputy Noonan, over the past number of years and further at the European Council, has been able to negotiate and renegotiate €50 billion in respect of Ireland over the next ten years. That is the place where the question of debt is discussed and dealt with and where it can be changed. I remind Deputy Adams that in the case of Ireland, less than 10% of the interest we pay is in regard to bank debt and the remainder is in respect of moneys borrowed on the open market.

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