Seanad debates

Tuesday, 23 November 2010

2:30 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

That was the net result. We cannot live and trade without a functioning banking system. What happened yesterday increased the urgency of getting agreement on the package, the loan facility the country so desperately needs. I hope much of the €80 billion or €90 billion will be seen as a standby facility that we will not need to draw down. However, because of what the Green Party did yesterday, perhaps quite an amount of it might have to be drawn down because the health of the eurozone's banking system has now been put at risk. That is the truth. Look at what is happening. Having a mandate is now important. As the leader of Fine Gael will probably be the next Taoiseach——

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