Seanad debates

Wednesday, 5 May 2010

2:30 pm

Photo of Liam TwomeyLiam Twomey (Fine Gael)

I second Senator Frances Fitzgerald's call for a debate on Greece and the euro. The Spanish Prime Minister, Mr. Zapatero, said that talk about Spain needing a bailout is utter madness, yet the money markets in New York claim both Spain and Portugal are endangered species. The fundamental problems with the euro and how it works across the eurozone have also been pointed out. Some strong countries in the eurozone want to keep the cost of money down while Ireland, Spain, Greece and Portugal need a fundamental change to European monetary policy to get out of this mess. It is a little simplistic for Senator Boyle to claim Ireland is actually getting out its economic mess and absolutely flying it. One only has to look around-----

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