The following motion was moved by Deputy Catherine Murphy on Tuesday, 3 January 2015:“That Dáil Éireann notes:- that the financial crisis highlighted the deviation from the founding principles and values of the European Union (EU) such as solidarity and mutual respect amongst nations; - the unsustainability of the debt burden imposed on Ireland and other European countries; - that the debt burden is an obstacle to economic and social development; - that Ireland was a casualty of timing which allowed for private banking debts to be socialised, thus sacrificing the social and economic interests of Irish citizens; and - that there is an urgent need to recapture the founding principle of solidarity and work towards a co-operative effort to promote sustainable growth and job creation across the EU; and calls on the Government to: - support calls for a European Debt Conference in order to agree a common solution with our Eurozone partners; and - work constructively at European Council level and with all relevant EU institutions towards establishing a European Debt Conference.”

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