Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

However, it does make this a little more complex and more opaque. Can the Minister of State explain the financial transactions that take place in a simple way that we can all understand? It is always said that we should follow the money trail. Will the Minister of State explain to us the money trail?

My colleagues have been lamenting, as I did yesterday, the fact that on Second Stage of a Bill, the Minister will normal explain the purpose of the Bill and will then go through each section of the Bill and give the reasoning behind it. An explanatory memorandum on the amendments was circulated, I will grant that. However, it does not really explain the financial trickery that is going on here and does not really say much more than what the amendments say. In particular, it does not explain the circular transfers of the money. Maybe my Opposition colleagues fully understand all of this manipulation of the money, particularly what happens in 2016 - the Minister of State will have to forgive me if they all know what is happening and I do not. However, as I said, I am very curious as to what is happening to the money and I would like the Minister of State to clarify the money trail for me.

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