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European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: The Minister said he did not what was in the treaty. I thank him.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: I want clarity on that. That is a stunning statement.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: Then one does not sign up to it.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: Then one does not sign up to it.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: There is not an additional €500 billion. That will be next October.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: If it is collected.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: This is a speech, not a reply.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: This is filibustering.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: That is not the way it is done.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: It is at the discretion of the Chair. The Ceann Comhairle has made that clear.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: There is an increasing tendency on behalf of Government to hector or lecture people in terms of this debate. We are all concerned, or at least I am very concerned, about the survival of the euro, and I made that point very determinedly in my speech. I made the point that the summit addressed the wrong issue. The most fundamental issue is the mandate of the ECB and it becoming a lender of...

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: That is what happened. We all know it. The bottom line is we were asking for weeks-----

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: This is what happened. We asked in the Dáil only a week beforehand. We had a summit debate and asked what was the Government's position time and again.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: We could not get it from the Taoiseach.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: That was after the summit.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: Paragraph 5 states: "The specification of the debt criterion in terms of a numerical benchmark for debt reduction (1/20 rule) for Member States with a government debt in excess of 60% needs to be enshrined in the new provisions". Does the Taoiseach understand what that means? Will he explain it to the House? Most economists who are analysing this suggest it means, in effect, that debt-GDP...

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: It seems the Government is saying, "Trust us. We have made a political agreement. We do not have a clue what it actually means. We have three months to work it out, considering the detail is complex". That is basically what is happening here. We need far more clarity in terms of what is actually agreed. I would appreciate it if the Taoiseach could explain paragraph 5 and the 1/20 rule.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: Or in Hong Kong.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: The Taoiseach stated these were not new.

European Council Meeting: Statements (14 Dec 2011)

Micheál Martin: On a point of order-----

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