Seanad debates

Tuesday, 12 July 2011

2:00 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

I have asked the Leader to invite the Minister for Finance to come to the House. In that context, he should raise with the Minister the question of whether the Government should give serious consideration to a revision of its current position on our unsustainable debt burden. It seems to me that something needs to be done before next year to remove the unsustainable debt burden, particularly that incurred through reckless banking. Regardless of the political charges that might be made, I suggest that reckless banking is at the bottom of this. It is happening in Spain and Italy and it has happened in Greece.

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