Some €2 billion in assets is being taken from Dublin City Council, which leaves a major hole in its balance sheet, and there is a pension liability of €330 million. What is happening is that the current pension liabilities of staff who are transferring to Irish Water will stay with the city council. I will tell the House what is happening, in my view-----

The Senator is running out of time.

This is very important. I will ask the Minister this and ask the Leader whether he agrees with me. The Government is selling Bord Gáis but it has committed that it will not sell Irish Water. Leaving the pension liabilities with the local authorities is making sure Irish Water has a clean balance sheet and very low pension liabilities; therefore, the Government is teeing it up already, before it has set it up, to privatise it. I want a commitment from the Government that in no way, shape or form will it sell or privatise Irish Water. However, the way in which it is structuring the pension liabilities and future liabilities tells me that what the Government is trying to do is to set up a lean company in order that, into the future, it will flog it. That is something about which every citizen will be extremely concerned.

I read the report in today's edition of The Irish Times concerning the projected liabilities of Dublin City Council, to which Senator Darragh O'Brien is referring. Certainly, I share his concern. It does seem somewhat invidious that the council would be left with liabilities without relevant assets. We will have the opportunity to debate that with the Minister, Deputy Phil Hogan, on the Water Services (No. 2) Bill. I understand the councillors from Dublin City Council are seeking a meeting today on that issue.

I echo the words of Senator Darragh O'Brien with regard to the excellent debate on the Pyrite Resolution Bill in the House yesterday. There was a strong welcome from both sides of the House for the Bill and I hope we will see similar levels of consensus breaking out across the floor on Committee Stage of the Bill this afternoon. I understand the bulk of the amendments are technical Government amendments.

I thank the Leader for agreeing yesterday to my request for a debate on job creation following the exit from the bailout and hope we will have that debate with the Ministers, Deputies Richard Bruton and Joan Burton, in the new year. Given we will later today see the publication of the Government's economic plan and strategy for the coming years following the bailout exit, it might also be appropriate to have the Minister, Deputy Michael Noonan, in the House in the new year to debate that plan in order that we can tease out with him the detail of it. As always, there is a frenzy of legislation in the last week or two of the Christmas term - it happened under the last Government and it seems to happen under every Government. This is unfortunate because we should have more time for considered debate. I know the Leader is doing his very best to ensure we do, which why we sat so late last night. However, I know we will have time for more reasoned and considered debate in the new year, which will be the appropriate time to debate those matters which would require greater consideration like job creation, the European youth guarantee implementation plan and the Government's economic plan.