Darragh O'Brien (Fianna Fail)

More importantly, we will await the view of the Attorney General and I accept that we must do that. Expanding the role of the ECB is not covered by the pact. Nor is debt re-engineering, referred to by a colleague across the floor of the House, and which is the elephant in the room.

My question relates to the Taoiseach's remarks when he said on 24 January that we will pay our way and that we have never looked for a debt write down. On 1 February, the Minister of State, Deputy Creighton, referred to debt write-down and that looking for debt re-engineering, as Senator Gilroy said, was central to her negotiations. What is the truth of the situation? Is the Taoiseach correct or is the Minister of State right?