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EU Summits (19 Jul 2011)

Enda Kenny: In my view, it was a gross act of political failure.

EU Summits (19 Jul 2011)

Enda Kenny: I have to deal with that at home and in Europe.

EU Summits (19 Jul 2011)

Enda Kenny: I remind the Deputy that since the Government started to pursue the issue, there has been extensive sharing of responsibility by subordinated bondholders and there is more to come. The Minister for Finance has made it perfectly clear that in respect of senior bondholders, we regard Anglo Irish Bank as being a dead bank. It is in a different position and different circumstances from any...

EU Summits (19 Jul 2011)

Enda Kenny: The discussions about that will start in the autumn.

EU Summits (19 Jul 2011)

Enda Kenny: It is not like a football player scoring a goal or a point from the sideline. Maurice Fitzgerald was able to do that against my county in an all-Ireland final a number of years ago.

EU Summits (19 Jul 2011)

Enda Kenny: The discussions and negotiations we are involved in are aimed at finding a European solution to a European problem. That is what the Government has been pointing out for the last four or five months.

EU Summits (19 Jul 2011)

Enda Kenny: The Tánaiste has pointed it out during meetings with foreign affairs ministers and diplomats. I have pointed it out when I have attended Council meetings. I have not been travelling around Europe. I have been going around this country telling people that we will not sink under the weight of this economic challenge. We have not been hit by an earthquake or a tsunami. We have been left...

EU Summits (19 Jul 2011)

Enda Kenny: We are going to deal with this challenge.

EU Summits (19 Jul 2011)

Enda Kenny: Part of that process involves getting the eurozone leaders to deal with Europe's problem, which has clear implications for Ireland, this Thursday. I do not want to go into the details of the matters that are being commented on publicly. I refer to the question of what might be decided during Thursday's meeting. As Deputy Martin is aware, questions of flexibility, pricing and maturity dates...

EU Summits (19 Jul 2011)

Enda Kenny: As I said in my initial response, I spoke to the President of the European Parliament when he was here.

EU Summits (19 Jul 2011)

Enda Kenny: No.

EU Summits (19 Jul 2011)

Enda Kenny: Tá a fhios ag an Teachta Adams go maith céard atá mé á rá anseo le cúpla mí anuas faoin deacracht atá ag Éirinn. Tá a fhios aige go maith freisin gur ndearna cinne ag an chruinniú ar 11 Márta gur chóir go mbeadh laghdú ráta úis do na tíre atá sáite isteach sa chomhlacht ESFS.

EU Summits (19 Jul 2011)

Enda Kenny: Ba chóir go mbeadh laghdú ar an ráta úis ansin ach níor tharla an laghdú sin. Is é an t-aon tír nach raibh sásta é sin a dhéanamh ná an Fhrainc. It is not true to say, as the Deputy seems to believe, that we can act unilaterally, walk away and make decisions on our own. We are not in this alone.

EU Summits (19 Jul 2011)

Enda Kenny: We had no wish to be involved in this loan repayment scheme. We were led into it, despite the denials of the previous Government. I remind Deputies that the Tánaiste and Minister for Foreign Affairs and Trade, Deputy Gilmore, has met his counterparts in Germany, France, the United Kingdom and Spain the past two weeks, as part of the diplomatic connection that happens on a regular basis-----

EU Summits (19 Jul 2011)

Enda Kenny: -----despite the fact that Deputy Martin thinks we should ring people every second minute-----

EU Summits (19 Jul 2011)

Enda Kenny: -----stating, "How are you over there?" The point is, in answer to Deputy Adams, that there has been serious responsibility sharing with subordinated bondholders. The Government has made it clear that we are not happy with the position on Anglo Irish Bank which is an entirely different category and facing a different set of circumstances than Bank of Ireland or AIB, on which we will...

EU Summits (19 Jul 2011)

Enda Kenny: It seems the Deputy does not want to recognise reality. It has been some time since the Minister for Finance put it on the table that the pricing of the fund was too high in general-----

EU Summits (19 Jul 2011)

Enda Kenny: -----and that there needed to be a lowering of prices across the board and far greater flexibility and decisiveness on related elements. The question of Anglo Irish Bank has been signalled for quite some time by the Government as being the focus of discussions that will take place in the autumn.

EU Summits (19 Jul 2011)

Enda Kenny: We cannot and we have no intention of doing the entire programme for Government, from which the Deputy seems to pick bits, in the first 100 days.

EU Summits (19 Jul 2011)

Enda Kenny: The question of particular issues that surround this fund and the implications for Ireland and other countries is not for this Government to decide on its own. As I speak, officials from the Departments of the Taoiseach, Finance and Foreign Affairs and Trade are in contact with their counterparts throughout Europe. The Deputy is aware of the way these things are structured and the way the...

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