Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-110-000"
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"en.20110323.17.3-110-000"2
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"Mr President, like Mr Barroso I would also like to concentrate on the economic situation, particularly as my country is the recipient of an EU and IMF bailout at this particular time. However, we have a new government and new hope in Ireland. In his very first speech, our Taoiseach said he wanted to build bridges in Europe, pay our way and pull our weight – and that is what we are determined to do.
However, there are two things we need in particular to do that. Firstly, the interest rate charged is draconian and is not sustainable. We would like to see that reduced by at least 1% to 2%. Secondly, we also need a continued guarantee of funding for our banks until such time as they are functional again. We do not need to be pressurised regarding our corporation tax and we particularly do not need lectures from people like Mr Sarkozy, who seems very cosy with an effective rate of 8.2% in France, while our effective rate is actually 11.9%. Perhaps he should look at the plank in his own eye before he casts his gaze across the Irish Sea.
What is the quid pro quo? One, we will have the austerity package in place, much to the chagrin and pain of our citizens. Two, we will consider, if required, a debt pact, like the one they have had in Germany since 2009. Three, we will also consider a European independent fiscal agency. That also is very important because I do not believe there is such a thing as an independent national agency.
I would ask Mr Barroso, on this his birthday, and his colleagues, to help Ireland help itself on this one occasion and we will not come calling again for help by way of a bailout."@en1
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