Promissory note negotiations
Senator Gilroy asks the Finance Minister to brief the House on negotiations concerning the impending €3.1 billion promissory-note payment, while exchanges address political criticism and the need for negotiating freedom.
I call on the Leader to arrange for the Minister for Finance to come into the House to give a brief description and clarification of what is happening with regard to the impending deadline for the payment of the promissory notes. It is important that the negotiators are allowed as much autonomy and freedom as possible to negotiate but it is also important that, as a democracy, this and the other House would be informed in general terms about what is happening in this regard. The payment of €3.1 billion is due in March and if things go awfully wrong, another €3.1 billion will be due in June from last year. It will make every other thing we do in this country redundant if we cannot achieve a deal on this.
I was a little disappointed with some of the comments speculating about the negotiations that I heard from those in the media and the Opposition. I would give the humble advice that Opposition Members when commenting on perceived bad news in the media about the negotiations would do well to keep the joy out of their voices. I listened to a fellow Corkman and finance spokesperson for Fianna Fáil speak on the radio over the weekend commenting about the perceived setbacks in the negotiations and-----
Comment on this
In terms of the record of the House, the Senator should not mention people who are not here to defend themselves.
Comment on this
Of course, but it seemed that there was a certain glee in that spokesperson's voice that things were not going perhaps as good as-----
Comment on this
That is very unlikely. That is not fair.
Comment on this
I think we have said on numerous occasions that we support the Government in what it is trying to do.
Comment on this
I support my colleague, Senator O'Neill, in his comments asking Senator MacSharry to withdraw his rather inappropriate remarks. It invites a level of ridicule when we hear Fianna Fáil speaking of corruption given that it did not have a leader among its last four who did not leave without a cloud over his head.
Comment on this
Does the Senator remember himself one time?