Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

As I said in the other House, in Europe a strategic approach is the best result. In this context, it is preferable to seek the option of retroactive recapitalisation and keep it in on the table rather than risk refusal with an early application. I will, therefore, continue to pursue a strategy which keeps the maximum number of options on the table. Monthly reporting on the issue would suggest not applying is a failure on my part when it is not. I want to keep it as an option and pursue it at the most advantageous time. If any party wants to find out the status of an application, it can obtain that information with a parliamentary question in any month where there is a doubt whether I have applied. The proposed measure, therefore, is not necessary.