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Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: The first sentence of the motion mentions the danger of imminent humiliation of the country at the hands of the European Central Bank if we agree to a deal which does not include a write-off. I do not know what deal we will get in the next few weeks or in the next hour, but my guess is that this House and this country will be humiliated by midnight.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: This debate, which is one of the most important in the history of the State, has been marked by a great deal of interruption and some frivolous remarks which, I inform Deputy Durkan, have nothing to do with the debate.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: Some of the most shallow remarks have come from those on the Government side who have reduced themselves to insulting Members on the Opposition side who have presented an opinion with which they do not agree but which they have not countered. I accept from those remarks-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: Deputy Durkan, would you be quiet for a moment, please?

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: You are the emptiest vessel in this House. The noisiest-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: Deputy Durkan, you are the emptiest vessel in this House.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: To their credit, some of your colleagues - Deputy O'Donnell, for example - produced an extremely thoughtful speech about the dangers of risk. I congratulate him.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: He took the debate seriously. He did not come to the House just to interrupt speakers.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: I am grateful to him for doing that, but others have treated the debate as trivial. It should be noted, Deputy Durkan - while you are here - that there were more civil servants in the House than members of Fine Gael for most of last night's debate-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: -----so let us see how seriously you treat this subject.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: I thank the Deputy. The scenario stemming from Government Members' scripts - they have nearly all had scripts, although not Deputy O'Donnell and a few others - has been one of painting default, that bogey word, as something we cannot possibly countenance. Luckily for the Government, Government Deputies have in recent times all discovered from their press office the country of Argentina and...

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: The consequences of what is happening-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: We have the Russian, Icelandic and Greek experience. The Minister of State may well laugh, but his script last night was laughable. He had not even read it in advance.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: The Minister of State read it like a baby reading for the first time. It was extraordinary. He read it like a man who did not understand what he was saying.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: It is great to hear the Minister of State say something unscripted for a change. He should stand up and make a speech which he has made up himself.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: Creditors forgive countries which default very fast. Creditors forgave Russia and Iceland very fast.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: Iceland and Russia, after defaulting, were back into the money markets very fast.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: It may well be the case that it is quicker and cleaner.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: No, it is not five years in Russia's case.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Shane Ross: It is quicker and cleaner to wipe off the debt as part of a negotiated deal than it is to continue with this humiliating policy which will dump the debt on our grandchildren to the shame of the Government.

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