John Gilroy (Labour)

German taxpayers are bailing us out with their money and we demand that they continue to provide us with funding while refusing to make our own contribution. That is a fantastic idea but it is also laughable and unrealistic. While there is nothing that grieves us more than borrowing money in our current economic circumstances to contribute to the ESM fund, it must be done. The very people Senator Cullinane claims to seek to protect, namely, the owners of businesses which are closing down and the unemployed, have most to benefit or lose from our decision on whether to join the ESM.