Seanad debates

Wednesday, 27 June 2012

European Stability Mechanism Bill 2012: Committee and Remaining Stages

 

12:00 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein)

They might on this issue, but we are normally asked about what we know about the economy. We were right when we consistently stated these plans would not work. We consistently stated that the previous Government's solution for the economy would not work. We have been proven right. The plans are not working in Europe or Ireland. This is not just my party's view. Senator Norris and many other Independents and economists believe Europe is not taking the right course of action.

I will stick to debating the section under discussion, as it asks us to provide the Minister for Finance with the power to be able to make the contributions required of the State. The Minister of State clarified the figure for this year as being €1.27 billion, with further instalments during the course of-----

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