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Order of Business (2 Nov 2011)

Enda Kenny: That is the nature of the bond market.

Order of Business (2 Nov 2011)

Enda Kenny: What we want to do-----

Order of Business (2 Nov 2011)

Enda Kenny: -----is to reform the situation so ordinary workers are protected.

Order of Business (2 Nov 2011)

Enda Kenny: That is arrogance.

Order of Business (2 Nov 2011)

Enda Kenny: The Sinn Féin Party and Independent Members requested that Dáil Éireann should meet this week. We agreed that the House would meet today and tomorrow. Leaders' Questions today focused on the eurozone crisis and the situation in regard to Anglo Irish Bank. Following the Order of Business we will have a debate on the European Council, in respect of which I committed to report to this...

Order of Business (2 Nov 2011)

Enda Kenny: That will be followed by a debate on the eurozone and the issues arising from the referendum called by the Greek Prime Minister, Mr. Papandreou. I assure Deputy Martin that I will be here for the entire debate and for the questions and answers which follow it. We will try to deal with those questions as comprehensively as possible. As I said in this Chamber this morning, the situation is...

European Council: Statements (2 Nov 2011)

Enda Kenny: I am happy to have this early opportunity to brief the House on the outcome of the most recent meeting of the European Council and of the Euro Summit that took place in Brussels on Wednesday evening last. The meetings were convened by the European Council President, Mr. Van Rompuy, to take political decisions following the useful discussions we had at the summit meetings on the previous...

European Council: Statements (2 Nov 2011)

Enda Kenny: What did they say when the Deputies told them this?

European Council: Statements (2 Nov 2011)

Enda Kenny: Did they agree with the Deputies?

European Council: Statements (2 Nov 2011)

Enda Kenny: The Deputies told them - big deal.

European Council: Statements (2 Nov 2011)

Enda Kenny: He walked off the pitch.

European Council: Statements (2 Nov 2011)

Enda Kenny: The Deputy should also quote people in context.

European Council: Statements (2 Nov 2011)

Enda Kenny: Deputy Martin seems to suffer from some sort of illusions with regard to what happens at European Council meetings. The agenda for this meeting was set because of the potential catastrophe which faced the eurozone. The first meeting was postponed because of ongoing negotiations about the Greek situation. The first item on the agenda was Greek debt and the Greek situation. It was not about...

European Council: Statements (2 Nov 2011)

Enda Kenny: I want to assure the Deputy that on behalf of this country I contributed where appropriate on every issue at both of these meetings. Deputy Martin spoke about leadership. We saw a lot of it when the Deputy was in Government. Deputy Martin made a number of assertions in his contribution.

European Council: Statements (2 Nov 2011)

Enda Kenny: This was a crisis meeting of the European Council on the eurozone because of the potential catastrophe facing Europe and the euro due to the Greek situation.

European Council: Statements (2 Nov 2011)

Enda Kenny: That is the issue that was on the agenda and as a consequence Ireland is associated with the issues that affect us here. The Deputy made a number of assertions in his contribution about the comments made by the Minister for Finance and me, as did the absent Deputy Adams. We always said that not one cent more than what was already committed would go into Anglo Irish Bank. The Deputy...

European Council: Statements (2 Nov 2011)

Enda Kenny: Not one cent more is going in than what was already committed. I said this morning that it was not possible for us to rearrange this particular deal, which was done by the previous Government, without the consent of the ECB. I am going to quote something I think the Deputy should hear. It comes from the late, lamented Brian Lenihan, speaking in this House in November 2010 and it is about...

European Council: Statements (2 Nov 2011)

Enda Kenny: I spoke to Mr. Trichet about bondholders by telephone in March when he was in China. The ECB held a meeting. This matter was raised specifically and was very aggressively rejected. The Minister for Finance spoke to Mr. Trichet on several occasions-----

European Council: Statements (2 Nov 2011)

Enda Kenny: -----and the ECB rejected the issue. As it is not in the memorandum of understanding, we are still locked into the commitments that were entered into at the highest level by the Deputy's Government with our external partners. That is a fact.

European Council: Statements (2 Nov 2011)

Enda Kenny: The Deputy's assertions that this matter was not raised are patently false.

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