Seanad debates
Tuesday, 31 January 2012
Order of Business
3:00 pm
Terry Leyden (Fianna Fail)
Yes. In the preamble the term "permanent provisions, preferably constitutional" is used, but the treaty does not promote these as such. That is an enormous change. Two countries, namely, the Czech Republic and the United Kingdom, have opted out of the treaty, in which there is no provision that the European Parliament should, even on the basis of courtesy, be consulted. It merely states, "The President of the Euro Summit shall present a report to the European Parliament after each of the meetings of the Euro Summit".
Will the Leader make time available for an early debate on the matter? The final text of the treaty contains a number of considerable changes from what was proposed in earlier drafts.
There is nothing in the treaty about the Government's proposals to burn the bondholders or about the Labour Party's way rather than Frankfurt's way. Deputy Varadkar stated that he would not pay a cent more to Anglo Irish Bank bondholders.
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