Denis Landy (Labour) | Oireachtas source

I welcome the Minister of State to the House. As others have noted, I believe this is the first time that I have been in the Chamber with him. I wish the Minister of State well in his new role. I am always delighted to see what from where I stand are younger people getting an opportunity in politics. As somebody who lulled around in it for a long time before I got any opportunity, it is great. I mean this sincerely and I wish him well.

As the Minister of State already stated, this is a technical Bill. Its structure really is about recapitalisation arrangements within Europe. My colleague, Deputy Burton, spoke on the Bill in the Lower House and I believe the Government took on board much of what she said about the Bill being narrow in what it does. It does not really address or deal with other areas such as investment or improvement of policies. Notwithstanding that point, it is important to put in place the Bill's provisions for our own good in the future. I intend to discuss the matter with the Labour Party spokesperson and will look to having further input on the next Stage but for the present, I welcome the Bill to the House.