Seanad debates

Wednesday, 16 October 2002

European Union (Scrutiny) Bill, 2001 changed from European Union Bill, 2001: Second Stage.

 

At the time I was involved in negotiating the Single European Act, I constantly succeeded in obtaining derogations. I proposed that Ireland have a seven-year derogation in relation to insurance and health insurance as we wanted to strengthen and secure the position of the VHI before it faced competition from BUPA, which has now entered our market, and rightly so. We were concerned about the fragile state of the Irish insurance market and worried that if we flooded the country with competition, we might damage our own interests. Every time an issue affecting our interests arose, I received on behalf of this country the support of the other countries around the negotiating table. I cannot recall one instance in which our national interests were not protected.

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