Seanad debates

Wednesday, 27 June 2012

European Stability Mechanism Bill 2012: Committee and Remaining Stages

 

1:00 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein)

That would be the best way to do it. One option that could be examined would be for the ECB to print money. It would be different if we had to make a contribution to a different scheme but we will not support a contribution to the scheme that is before the House. We want a genuine mechanism of solidarity. We do not believe this mechanism is such. That is why we do not want to provide the €11 billion which we are asked to do in section 2. We are putting forward alternatives. The Minister of State might not agree with the alternatives presented but one should not state that no alternative has been put forward.

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