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Order of Business (2 Nov 2011)

Enda Kenny: I will be here.

Order of Business (2 Nov 2011)

Enda Kenny: Yes, of course. Members can ask any question they wish.

Order of Business (2 Nov 2011)

Enda Kenny: I will be here to answer them. I do not run away-----

Order of Business (2 Nov 2011)

Enda Kenny: We all have important duties to carry out. In previous times, this House would not be sitting at all on this day. I will be here. The Deputy need not worry.

Order of Business (2 Nov 2011)

Enda Kenny: D'ardaigh an Teachta Adams an rún seo. Níl mé toilteanach go mbeadh leasú ar an ghnó atá curtha os comhair na Dála. Táim tar éis trí cheist a fhreagairt ar seo agus tá cinneadh soiléir déanta faoi. I remind Deputy Higgins that these bondholders are not only shipping magnates. They also include town councils and the pension funds of ordinary workers.

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...

Leaders' Questions (2 Nov 2011)

Enda Kenny: I thank Deputy Martin for the history lesson. He left out some of the important bits. Politics is never a case of-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: -----swanning around making easy decisions-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: The situation in this country was clarified by the people last February when they gave this Government, comprised of the Fine Gael and Labour parties, the largest majority in the history of the State, to pursue a policy of growth and not default. That is the first point.

Leaders' Questions (2 Nov 2011)

Enda Kenny: On looking at the books as we found them, a total of €17 billion had been paid to bondholders in Anglo Irish Bank by the previous Government. I wish to say directly to Deputy Martin that I would love to stand up here and say it is not necessary to pay this money-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: We made a case to the European Central Bank when I spoke to Mr. Trichet in March when we were considering bondholders and the other Irish banks. It was not possible to get the consent and the agreement of the European Central Bank. As the Deputy will be aware, 17 governors make up their minds in this regard-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: When the Minister, Deputy Noonan, spoke on a number of occasions and negotiated with Mr. Trichet about the question of bondholders in Anglo Irish Bank, the European Central Bank would not give its agreement. I admit it has not been possible for this Government to unravel the agreement that was made by Deputy Martin's Government-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: Following this, we have pursued an alternative-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: -----policy of having the debt burden reduced-----

Leaders' Questions (2 Nov 2011)

Enda Kenny: If the Government had defaulted on these bonds, we would not have had the support of our colleagues to get a €10 billion reduction in interest rates.

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