Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

As I said earlier - I did not sugarcoat it - it could be permitted in a severe economic shock. We do not know what the next economic shock will be. The book was written during the crisis. This time it is different. It is always different. There is just a different spin or view on it. Will it be the banks or will it be something else? I do not know what the economic shock could be. It could be a hard Brexit. It could be Britain leaving without a deal. There is an ideological clash happening in the House of Commons. It does not seem that common sense will prevail. I am a believer in politics and I am also an optimist. I believe common sense will eventually prevail. It could be the UK crashing out with a hard Brexit and no deal by accident. There is research showing that it could have a larger impact on the world economy than the economic recession we have just come out of. We do not know what is coming next. This is prudent and diligent and it is the right thing to do. My friends on the other side of the House - although not all of them - are saying this is wrong. This is not wrong; this is prudent.

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