Eugene Regan (Fine Gael)

However, I welcome one thing that has emerged from the debate, namely, the clarification from the Minister, Deputy Brian Lenihan, that whatever we decide has to be formally notified to the European Commission. All of the assumptions, valuations and haircuts will be examined and vetted by the Commission under its state aid rules and nothing can happen or go ahead until the European Union formally approves the project and all its details.