Written answers
Tuesday, 6 December 2011
Department of Finance
Economic and Monetary Union
7:00 pm
Joan Collins (Dublin South Central, People Before Profit Alliance)
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Question 32: To ask the Minister for Finance the contingency plans in place for Ireland to produce its own currency in the event of the euro collapsing; and if he will make a statement on the matter. [38505/11]
Michael Noonan (Limerick City, Fine Gael)
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There are many risks in the broad economic environment at present, which I must take into account in conjunction with my Department and the agencies that report to me. The euro is a firm and solid currency currently trading well against all the other major currencies. There is clearly no market expectation and there is certainly no Irish Government expectation, of any collapse in the euro. The Central Bank continues to produce euro currency.
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