Seanad debates

Tuesday, 16 November 2010

3:00 pm

Photo of John EllisJohn Ellis (Fianna Fail)

We must be clear on something in this regard. If we are to save our banking institutions and get a functioning banking system in this country, we must get money made available in our economy at the same rate as it is being made available by the ECB to the stronger member states within the EU. There is not much sense in us paying the penalties that are killing our economy. We joined the euro to have the same interest rates as they have in Germany. Where are we today? We have been kicked out so far by the EU and the ECB that it is time we decided that we should either go on our own——

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