European summit growth and debt response
Micheál Martin urged urgent European action on sovereign debt, banking stability and growth; the Taoiseach welcomed support for the fiscal treaty and outlined the summit’s growth focus.
The Taoiseach will attend the informal summit of leaders from across Europe later today, at which it is imperative radical action is taken to restore confidence and growth across Europe. The situation today is graver than it has been at any time during the past three years. There is no more room for manoeuvre and delay. It is essential that Europe takes critical steps on three basic issues, namely, the sovereign debt crisis, which must be tackled by the establishment of a more secure and larger facility for the purchase of Government bonds; the financial crisis, by ensuring that banks are capitalised to a level which ensures their long term survival is unquestioned across Europe, including dealing with Irish bank and mortgage debt; and, the jobs crisis, by utilising the eurozone's enormous resources to deliver immediate job creating investment. Minimalist approaches are no longer acceptable. People in Ireland should and must vote "Yes" in the upcoming referendum because this will give us the most secure and cheapest access to the funding we need to retain public services and pay pensions in the years ahead. Europe is on a precipice and we must do nothing here to push it over the edge.
It is in that context that I believe we should take the debate to the people. Political leaders should be willing to engage in a national debate with those advocating a "Yes" vote and those advocating a "No" vote. Many voters remain undecided. Some polls suggest up to 30% of people are undecided. I believe a leaders' debate should be facilitated. We live in a democracy. I understand that invitations for such a debate have issued from RTE, the public service broadcaster which has a particular responsibility in this regard. TV3 attempted to organise a leaders' debate but leaders, with the exception of Deputy Joe Higgins and I, declined to participate. People expect leaders to engage. Will the Taoiseach confirm if, as indicated by a spokesperson yesterday, he has been invited by RTE to participate in a debate and what are his intentions in that regard?
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The Taoiseach should escape from his handlers for once.
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This is Leaders' Questions. Please allow the Taoiseach to respond to Deputy Martin's question.
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I thank Deputy Martin for his public support, and that of his party, for a "Yes" vote on the referendum on the fiscal stability treaty. It is important there is no equivocation about this. It is of particular and fundamental concern for the future of our people and country.
This evening's informal meeting of European leaders is, I am glad to say, the realisation of the claims by quite a number of leaders for some time that Europe should focus on growth investment and job opportunities. It is important to note that this is a meeting of 27 leaders rather than of 25 leaders because growth affects all European Union countries. The opportunity and potential exists for the European Union to be the engine of trade in a global sense, to reduce the cost of business and to complete the Single Market. It also has potential in the digital area and to deal with the crisis issues in the eurozone in the context of the discussions on project bonds, eurobonds and other facilities to relieve pressure on sovereign Governments and to look at the broader spectrum of EU-US and EU-China trade relations. I expect leaders of the 27 countries will contribute to this evening's meeting on the growth agenda for the future. I am happy to participate in that debate from a national and European perspective.
I have no difficulty discussing the fiscal stability treaty. However, I turned down the invitation to appear on a particular programme for good reasons. RTE has invited me, as Taoiseach, to do a broadcast on Sunday following the Ard-Fheis contribution of the leader of Sinn Fein, Deputy Gerry Adams. However, I believe that to be predicated on how much time Deputy Adams devotes to the fiscal stability treaty issue on Saturday evening.
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His contribution will be brief.
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I am glad Deputy Martin raised the matter. Were I to cave in to the pressure that has been around for some days I would be elevating Deputy Adams to the position of Leader of the Opposition-----
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The Taoiseach has called him that at least ten times. He started this.