Senators Marc MacSharry, David Norris, Trevor Ó Clochartaigh and others raised the issue of the proposed Cypriot bailout. Despite any irresponsible innuendo to the contrary, I wish to make it clear that there will be absolutely no impact on Ireland, Irish depositors or our corporation tax rate as a result of this proposed bailout. There are no signs of contagion in respect of Ireland. In that context, Irish bonds continue to trade at their lowest yields in many years. Unfortunately and as a result of the catastrophic policies pursued by previous Fianna Fáil Governments, Irish people are far too familiar with the cost of rescuing banks.

We were responsible for it happening in Cyprus, Portugal, Spain and Italy.

The Leader to cotinue, without interruption.

The Taoiseach can take the spoils over in the White House, but he will not accept the fact that this is a worldwide crisis.

We are all aware of Fianna Fáil's light regulatory approach to the banking sector in the past. Ireland is certainly in a completely different position from Cyprus. We have already recapitalised our banks, unfortunately at great expense to taxpayers and the people in general. We have moved from the crisis mode which obtained in 2008 to one of stability in the past couple of years. We are now in a position where we are recouping as much money as possible by selling financial sector assets such as Bank of Ireland contingent capital notes and Irish Life.

In addition to the promissory note agreement which has improved our deficit and debt position, it is very important for the people of Cyprus that a sustainable programme of assistance is agreed and implemented to bring economic and financial stability to Cyprus. I am sure we all hope a proper bailout for Cyprus will be agreed soon.

Senator Marc MacSharry also raised the question of the delays in the waiting lists for consultants in the north west. He referred to a statement by a consultant in the north west. I will raise that matter with the Minister for Health who has been dealing with waiting lists. Significant progress has been made by the new special delivery unit in reducing waiting lists, as evidenced by the performance in 2012. If there are problems in the north west, I am sure they will be addressed by the special delivery unit. It is obvious that this is a cause for concern for the consultant and I am sure his concerns will be addressed by the Minister and the HSE.

Senator Ivana Bacik advises me that she will be introducing a Bill soon. I will certainly allow it to be published on the Order Paper. She welcomed the Courts Bill which will be before the House soon.

Senators Mary Ann O'Brien, Jimmy Harte, Martin Conway, Denis Landy and others referred to the decline in town centres. This matter was raised last week by Senator Feargal Quinn and other Senators and dealt with at length. The question of parking fees is a matter for local authorities. I am sure chambers of commerce, business associations and traders throughout the country make representations about parking fees to their local authorities. It is in the interests of all towns and local authorities to be competitive where parking fees are concerned.

Senator John Kelly also raised the question of incentives for town centres. The Finance Bill will be introduced in the House today and I am sure the Senator will raise the matter with the Minister.

Senator Michael Comiskey and several Senators welcomed the agreement on CAP reform. Senators Michael Comiskey and Denis O'Donovan said it was a good deal for young farmers. There will be some who will lose out because the budget has been reduced. Senators Pat O'Neill, Susan O'Keeffe and others mentioned the flexibility of the payments and welcomed the disappearance of sugar quotas in 2017. They also complimented Beet Ireland. I hope we will be in a position in 2017 to renew and restore the beet industry which has been a great loss to the country and farmers. Other Members called for a debate on the CAP reforms. The Minister had agreed to come to the House after Easter to discuss the horsemeat and food labelling issues. I suggest that rather than having the debate on those issues, we could have the debate on the reform of the CAP when the Minister comes to the House after the Easter recess.

Senator Sean D. Barrett asked for a debate on the free trade negotiations. Last week Members raised the issues of the EU-US trade agreement, the undocumented Irish and job creation. The negotiations and visits are continuing this week. The Taoiseach and other Ministers are in the United States.

I hope the negotiations will bring much needed jobs to citizens here.

The two Senator Coghlans saluted the Coghlan clan on their women.

They do it themselves.