Seanad debates

Thursday, 7 February 2013

12:40 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

I do, which goes without saying. As the Cathaoirleach might say, it is a sine qua non. We all know a deal was effectively negotiated which I hope will be signed off on today, but if not, we must be patient for a little longer. Much has been said about what was inherited from a previous Administration, including I think by Senator Mary White. It could have happened to any Administration but certainly the Administration of which she was a member was kept in the dark by the banks and, effectively, had a gun put to its head. Those on this side took it in trust and good faith, wearing the green jersey on that occasion, and I am glad to acknowledge, as others have done, that that party has done something similar on this occasion. However, the circumstances are very different. We are in possession of facts and have not had a gun put to our heads. We had inherited an arrangement on which we could not have reneged. That is the difference. As stated by another speaker, the legislation was prepared months ago, as the Minister made clear last night, and proof read by the Attorney General.

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