Suspension of Member

I move: "That Deputy Alan Shatter be suspended from the service of the Dáil."

Question put.
The Dáil divided: Tá, 70; Níl, 61.

  • Ahern, Michael.
  • Ahern, Noel.
  • Andrews, Barry.
  • Andrews, Chris.
  • Ardagh, Seán.
  • Aylward, Bobby.
  • Blaney, Niall.
  • Brady, Áine.
  • Brady, Cyprian.
  • Brady, Johnny.
  • Browne, John.
  • Calleary, Dara.
  • Carey, Pat.
  • Collins, Niall.
  • Conlon, Margaret.
  • Connick, Seán.
  • Coughlan, Mary.
  • Cregan, John.
  • Cuffe, Ciarán.
  • Curran, John.
  • Dempsey, Noel.
  • Devins, Jimmy.
  • Dooley, Timmy.
  • Fahey, Frank.
  • Finneran, Michael.
  • Flynn, Beverley.
  • Gogarty, Paul.
  • Gormley, John.
  • Hanafin, Mary.
  • Harney, Mary.
  • Haughey, Seán.
  • Healy-Rae, Jackie.
  • Hoctor, Máire.
  • Kelleher, Billy.
  • Kelly, Peter.
  • Kenneally, Brendan.
  • Kennedy, Michael.
  • Killeen, Tony.
  • Kitt, Michael P.
  • Kitt, Tom.
  • Lenihan, Brian.
  • Lenihan, Conor.
  • McEllistrim, Thomas.
  • McGrath, Mattie.
  • McGrath, Michael.
  • Mansergh, Martin.
  • Martin, Micheál.
  • Moloney, John.
  • Moynihan, Michael.
  • Nolan, M.J.
  • Ó Cuív, Éamon.
  • Ó Fearghaíl, Seán.
  • O’Brien, Darragh.
  • O’Connor, Charlie.
  • O’Dea, Willie.
  • O’Donoghue, John.
  • O’Flynn, Noel.
  • O’Hanlon, Rory.
  • O’Keeffe, Batt.
  • O’Sullivan, Christy.
  • Power, Peter.
  • Power, Seán.
  • Roche, Dick.
  • Ryan, Eamon.
  • Sargent, Trevor.
  • Scanlon, Eamon.
  • Smith, Brendan.
  • Treacy, Noel.
  • Wallace, Mary.
  • White, Mary Alexandra.

Níl

  • Bannon, James.
  • Barrett, Seán.
  • Behan, Joe.
  • Breen, Pat.
  • Broughan, Thomas P.
  • Burke, Ulick.
  • Burton, Joan.
  • Byrne, Catherine.
  • Carey, Joe.
  • Clune, Deirdre.
  • Connaughton, Paul.
  • Coonan, Noel J.
  • Costello, Joe.
  • Coveney, Simon.
  • D’Arcy, Michael.
  • Deenihan, Jimmy.
  • Doyle, Andrew.
  • Durkan, Bernard J.
  • Enright, Olwyn.
  • Feighan, Frank.
  • Ferris, Martin.
  • Flanagan, Charles.
  • Flanagan, Terence.
  • Gilmore, Eamon.
  • Hayes, Tom.
  • Higgins, Michael D.
  • Hogan, Phil.
  • Howlin, Brendan.
  • Kenny, Enda.
  • Lynch, Ciarán.
  • McCormack, Pádraic.
  • McEntee, Shane.
  • McGrath, Finian.
  • McManus, Liz.
  • Morgan, Arthur.
  • Naughten, Denis.
  • Neville, Dan.
  • Noonan, Michael.
  • Ó Caoláin, Caoimhghín.
  • Ó Snodaigh, Aengus.
  • O’Donnell, Kieran.
  • O’Dowd, Fergus.
  • O’Keeffe, Jim.
  • O’Mahony, John.
  • O’Shea, Brian.
  • O’Sullivan, Jan.
  • O’Sullivan, Maureen.
  • Quinn, Ruairí.
  • Rabbitte, Pat.
  • Reilly, James.
  • Ring, Michael.
  • Shatter, Alan.
  • Sheahan, Tom.
  • Sheehan, P.J.
  • Sherlock, Seán.
  • Stagg, Emmet.
  • Stanton, David.
  • Timmins, Billy.
  • Tuffy, Joanna.
  • Upton, Mary.
  • Wall, Jack.
Tellers: Tá, Deputies John Cregan and John Curran;; Níl, Deputies Emmet Stagg and Joe Carey.
Question declared carried.
Deputy Shatter withdrew from the Chamber.

I call Deputy Kenny on the Order of Business.

I will try to remain in order. I was in the process of explaining to the House the reason the Fine Gael Party opposes the Order of Business and was pointing out that the there should be, at least, a day-long debate in this House today on crisis that has now erupted.

I would like to make a couple of comments and to ask two questions of the Tánaiste. This Government should resign in disgrace——

——at the humiliation inflicted on the Irish people today, 18 November 2010. Whatever else happens I want the Tánaiste and the Minister for Finance to understand that I regard the 12.5% corporation tax rate as sacrosanct, as enshrined on behalf of the Irish people in the Lisbon treaty. Any change to this tax would represent a massive breach of trust to foreign direct investment in this country.

The Governor of the Central Bank spoke the truth today, something no Government Member has yet done. He stated that when the visitors from abroad arrive here they will discuss, negotiate and direct the drawing down of tens of billions of euro to deal with the catastrophic failure of the banking strategy pursued by the Government. I understand that the projections for 2012, based on the current rate of progress, are that the debt to GDP ratio will be 105% and debt to GNP will be 135%——

Deputy Kenny is getting into detail. I have allowed him some latitude.

——which is the position in Greece at present. Pouring billions more euro into the current banking structure will not work. Perhaps the Tánaiste will state what the Government proposes to do to get State banks off the backs of the Irish people at no cost. If that is the problem, what does the Government propose to do about it? There is no point in engaging in negotiations and in drawing down billions of euro if it makes the situation even worse.

The Deputy is asking questions that can be posed during the questions and answers session.

I suppose he could raise the matter on the Adjournment Debate.

I will finish on this point.

The personnel travelling here today from the European Central Bank, European Commission and International Monetary Fund——

They arrived yesterday.

Did the Minister say that they arrived yesterday?

Some of them did.

More will arrive today.

I ask Members to concentrate on the Order of Business.

More semantics.

The Minister said they were not coming at all.

Let us concentrate on the Order of Business. I call Deputy Kenny to continue.

It is a pity the Minister for Finance did not tell that to the Taoiseach.

(Interruptions).

I hope the Minister for Transport, Deputy Dempsey, recognises this is not fiction but fact.

I ask Deputy Kenny to make his remarks through the Chair.

Deputy Kenny continually quotes me as saying things I never said.

(Interruptions).

Deputy Dempsey and Deputy Dermot Ahern remarked that they knew nothing about what is going on.

The Deputies know nothing about it.

They have never heard about this, it is all fiction.

Deputy Kenny, please.

The personnel who arrived here yesterday and those who will arrive today——

Deputy Kenny, we cannot get into this now. I told the Deputy earlier that we are not getting into this matter now. The Deputy can make these points later.

The personnel who arrived here yesterday to do their duty can return to Europe without having given a direction to the Irish Government provided it goes to the country and involves the people in the decisions to be made about our nation's future.

If I were asked to decide between the creditworthiness of the Irish State and its people and the creditworthiness of the banks I would stand by the State and the people. This Government should resign.

I ask Deputy Kenny for his co-operation.

The Government should go to the country. The personnel who arrived here will go back to Europe and we will buy time, credibility and belief and will sort out this mess. Ireland has a future, but not under a Fianna Fáil-led Government.

Deputies

Hear, hear.

I oppose the proposal in regard to the arrangements for No.a17 and do so for the following reasons. First, the item is entitled “Statements on Banking”. Statements on Banking is not an adequate proposal to deal with the issues which must now be discussed in this House. It is not possible to separate the issue of banking from the wider issue of the State’s finances and the general economic situation. As I understand it, the meeting of the eurozone Ministers and ECOFIN, which the Minister for Finance attended, dealt with a wider range of matters than banking. I will return to this point later.

Second, only 95 minutes has been provided for Statements on Banking. This is not an adequate proposal in circumstances where this country is being humiliated by the manner in which the Government has been dealing with the financial situation and international institutions.

Third, these arrangements are not adequate because of the information that has been provided to the public this morning by the Governor of the Central Bank — information that the Taoiseach pointedly refused to provide to the House yesterday.

The Governor told the Irish people this morning that what is under discussion with the IMF, the ECB and the European Commission is a multi-billion euro loan for Ireland.

When I asked the Taoiseach yesterday about what the objectives of the talks were and what was being discussed——

We will have statements and a question and answer session later and all these points can be made at that stage.

In 95 minutes? I doubt it.

They are relevant to the Order of Business. This is not a statement.

No, they cannot and the reason they cannot be made is that the Government's proposal is for statements on banking. I am explaining to the Chair that that is not an adequate proposal to deal with the matters which must now be discussed. The Governor of the Central Bank has widened that debate in his statement this morning.

We are dealing with the proposal for the Order of Business and the Deputy is attempting to broaden the debate.

Deputies

No, he is not.

We cannot have Second Stage contributions on this matter and expand this matter on the Order of Business.

The Ceann Comhairle is wrong.

I am entitled to oppose the Order of Business and I am entitled——

Statements must be brief as per Standing Order 26.

Deputy Gilmore is being brief.

I am entitled to give my reasons for opposing the Order of Business and the proposal before us.

One of the reasons is, if the Ceann Comhairle will bear with me, that the proposal the Government has before us is not adequate to deal with the issue which now must be dealt with. The Governor of the Central Bank this morning told us what the Taoiseach has refused to tell us for the past week, which is that the Government is negotiating a multi-billion euro loan.

That is not what he said.

I want clarification from the Tánaiste. First of all, will she confirm——

These questions can be posed in the question and answer session.

No, they cannot.

The Minister for Finance will take them.

The questions relate to the statement that will be made.

They will not be answered.

What Standing Order is the Ceann Comhairle relying on to interrupt me?

No. 26 quite clearly asserts my right to explain why I am opposing——

The Deputy has a right to make a brief statement——

He is making a brief statement.

I am making a brief statement.

——but not to have a Second Stage length contribution on the Order of Business.

He would be finished if the Chair stopped interrupting him.

The Chair has interrupted Deputy Gilmore four times.

A little impartiality would go a long way.

The Ceann Comhairle has interrupted me——

I am endeavouring to ensure that we maintain order in the Chamber and all I am asking is for the Deputy's co-operation.

Am I being disorderly?

No, I am just asking for the Deputy's co-operation in the matter. Let us move on with the business.

I am not the one that——

We are on the Order of Business and I wish to move on to take a decision on this proposal.

Deputy Gilmore is not the one dragging it out.

I am not the one doing the interrupting.

I am simply explaining my reasons——

The Chair does not interrupt; the Chair intervenes.

This is like a rural pub at 10 o'clock on a Saturday night. That is what this place has become. It is a disgrace.

I do not want to get into a row with the Ceann Comhairle on this but, with the greatest of respect, his interventions, as he calls them, are not helping either order in the House or respect for the House out there.

Stop the hoodwink.

Please let me explain the reasons I am opposing the Order of Business. The country is in a very serious state of affairs. We have people from international institutions over in the Department of Finance and we are told by the Governor of the Central Bank this morning that they are negotiating a multi-billion euro loan. My party and I want an opportunity to discuss these matters adequately in the House today and to hear from the Government, first of all, if it is the case, as the Governor of the Central Bank said, that a multi-billion euro loan is being negotiated. Second, if that is the case, I want to know what are the conditions the Government is negotiating with respect to that loan and what implications those conditions will have for public and budgetary policy in this country. We will not be able to do that with statements solely on banking confined to 95 minutes, which will not take into account the number of interventions that the Ceann Comhairle will no doubt make during the course of the debate.

We are being asked to address in statements the issues before us over a 95 minute period with a limited opportunity for questions following and no opportunity at all to record where Members stand on them. We are only having clarity because we have had the Taoiseach and Ministers across all portfolios trundled out over the past week and more in an exercise of denial clearly to deceive the people and to mislead this House, as was the case over the past two days in responses regarding this matter raised by a range of Opposition voices. What is being proposed is not a bailout for the Irish people. That is not what is being looked at by the IMF, the ECB and the European Commission. It will have no consequence in terms of reliefs for social welfare, health spending or education needs. What this is all about is supporting the Government in its bailout of the banks and the ECB looms behind them as one of the critical investors.

These points can be made during the statements.

I have no doubt that they will. The Government is here cap in glove looking for moneys to come in to further bail out the banks, which they, in turn, will hand back to the ECB. The tax paying public in this State will pay for all of this.

The Deputy can put those questions during the question and answer session.

That is the situation we now face. It is absolutely unacceptable that we are not being provided with an opportunity to express in real terms by either electronic means or manual division in this House our outright objection and rejection of what is proposed.

The Deputy is branching off on several tangents.

That is what needs to be tested because there are voices on the Government benches who equally reject what is now unfolding and this is a consequence of this Government's failure. I believe it should be put to the test and an opportunity for a vote on a specific proposition should be before this us today. I object to the proposal that we have statements only in the way the Government has tailored it.

I am now putting the question. Is the proposal for dealing with No.a17 agreed to?

Surely the Tánaiste should reply.

Where is the reply? That is outrageous.

On a point of order——

Is the Ceann Comhairle suppressing free speech?

There is a long-standing tradition in this House that the Tánaiste or a member of the Government responds to the points made.

The Ceann Comhairle is protecting the Government in this charade.

The Tánaiste should respond to this

Is this a sign of things to come that the Irish Tánaiste cannot reply in the Irish Parliament because others down the road are deciding our country's fate? The Tánaiste should get up and insist on speaking. She represents the Government that is elected for the time being.

Bring the IMF in here and it will talk to us because the Government parties will not.

The question has been misunderstood.

On a point of order——

The Chair is on his feet. I ask the Deputy to resume his seat.

Can I make the point of order?

Allow the Deputy's point of order.

On a point of order, with the country in dire crisis, can we call on the Tánaiste to give the House more time to discuss this vital issue?

I am putting a proposal to the House for decision.

This is a disgrace.

Is the proposal for dealing with No.a17 agreed to?

Question put: "That the proposal for dealing with No.a17 be agreed to.”
The Dáil divided: Tá, 70; Níl, 59.

  • Ahern, Michael.
  • Ahern, Noel.
  • Andrews, Barry.
  • Andrews, Chris.
  • Ardagh, Seán.
  • Aylward, Bobby.
  • Blaney, Niall.
  • Brady, Áine.
  • Brady, Cyprian.
  • Brady, Johnny.
  • Browne, John.
  • Calleary, Dara.
  • Carey, Pat.
  • Collins, Niall.
  • Conlon, Margaret.
  • Connick, Seán.
  • Coughlan, Mary.
  • Cregan, John.
  • Cuffe, Ciarán.
  • Curran, John.
  • Dempsey, Noel.
  • Devins, Jimmy.
  • Dooley, Timmy.
  • Fahey, Frank.
  • Finneran, Michael.
  • Flynn, Beverley.
  • Gogarty, Paul.
  • Gormley, John.
  • Hanafin, Mary.
  • Harney, Mary.
  • Haughey, Seán.
  • Healy-Rae, Jackie.
  • Hoctor, Máire.
  • Kelleher, Billy.
  • Kelly, Peter.
  • Kenneally, Brendan.
  • Kennedy, Michael.
  • Killeen, Tony.
  • Kitt, Michael P.
  • Kitt, Tom.
  • Lenihan, Brian.
  • Lenihan, Conor.
  • McEllistrim, Thomas.
  • McGrath, Mattie.
  • McGrath, Michael.
  • Mansergh, Martin.
  • Martin, Micheál.
  • Moloney, John.
  • Moynihan, Michael.
  • Nolan, M.J.
  • Ó Cuív, Éamon.
  • Ó Fearghaíl, Seán.
  • O’Brien, Darragh.
  • O’Connor, Charlie.
  • O’Dea, Willie.
  • O’Donoghue, John.
  • O’Flynn, Noel.
  • O’Hanlon, Rory.
  • O’Keeffe, Batt.
  • O’Sullivan, Christy.
  • Power, Peter.
  • Power, Seán.
  • Roche, Dick.
  • Ryan, Eamon.
  • Sargent, Trevor.
  • Scanlon, Eamon.
  • Smith, Brendan.
  • Treacy, Noel.
  • Wallace, Mary.
  • White, Mary Alexandra.

Níl

  • Bannon, James.
  • Barrett, Seán.
  • Behan, Joe.
  • Breen, Pat.
  • Broughan, Thomas P.
  • Burke, Ulick.
  • Burton, Joan.
  • Byrne, Catherine.
  • Carey, Joe.
  • Clune, Deirdre.
  • Connaughton, Paul.
  • Coonan, Noel J.
  • Costello, Joe.
  • Coveney, Simon.
  • D’Arcy, Michael.
  • Deenihan, Jimmy.
  • Doyle, Andrew.
  • Durkan, Bernard J.
  • Enright, Olwyn.
  • Feighan, Frank.
  • Ferris, Martin.
  • Flanagan, Charles.
  • Flanagan, Terence.
  • Gilmore, Eamon.
  • Hayes, Tom.
  • Higgins, Michael D.
  • Hogan, Phil.
  • Howlin, Brendan.
  • Kenny, Enda.
  • Lynch, Ciarán.
  • McCormack, Pádraic.
  • McEntee, Shane.
  • McGrath, Finian.
  • McManus, Liz.
  • Naughten, Denis.
  • Neville, Dan.
  • Noonan, Michael.
  • Ó Caoláin, Caoimhghín.
  • Ó Snodaigh, Aengus.
  • O’Donnell, Kieran.
  • O’Dowd, Fergus.
  • O’Keeffe, Jim.
  • O’Mahony, John.
  • O’Shea, Brian.
  • O’Sullivan, Jan.
  • O’Sullivan, Maureen.
  • Quinn, Ruairí.
  • Rabbitte, Pat.
  • Reilly, James.
  • Ring, Michael.
  • Sheahan, Tom.
  • Sheehan, P.J..
  • Sherlock, Seán.
  • Stagg, Emmet.
  • Stanton, David.
  • Timmins, Billy.
  • Tuffy, Joanna.
  • Upton, Mary.
  • Wall, Jack.
Tellers: Tá, Deputies John Cregan and John Curran; Níl, Deputies Emmet Stagg and Joe Carey.
Question declared carried.

Is the proposal for dealing with No. 17 agreed to?

Baineann an moladh le ráitis faoin straitéis 20 bliain don Ghaeilge. Tá Páirtí an Lucht Oibre ag cur i gcoinne na molta seo mar gheall ar na fáthanna a leanas. Ní raibh an ceart ag an gCeann Comhairle faoin vóta. Tá na Buan Orduithe agam anseo agus tá sé scríofa go soiléir iontu go gceadóidh an Ceann Comhairle ráiteas gairid ó ionadaí de chuid gach páirtí san Fhreasúra agus ón Taoiseach sula gcuireann sé an cheist faoi sin, agus baineann sin leis an Tánaiste nuair atá sise i mbun Riar na hOibre. Níor iarr an Ceann Comhairle ar an Tánaiste freagra a thabhairt do na hionadaithe ón Fhreasúra nuair a labhraíomar faoin ábhar seo agus ní raibh an ceart aige sin a dhéanamh. Ba cheart dó sin a admháil don Teach láithreach.

Táimid ag cur i gcoinne na molta seo freisin mar go dtuigim, agus aontaím leis seo, gur cheart go mbeadh ráitis againn ar an ábhar tábhachtach seo, straitéis na Gaeilge, ach tá ábhar i bhfad níos práinní ná sin gur cheart dúinn bheith ag déileáil leis sa Teach inniu: an ghéarchéim eacnamaíochta agus airgeadais atá againn sa tír agus, ar ndóigh, an náire idirnáisiúnta atá an Rialtas uafásach seo ag tarraingt aníos ar an tír leis an droch-chaoi atá sé ag láimhseáil an ábhair sin. Go háirithe, tá gá ann go ndéanfaidh an Rialtas ráiteas faoi leith le míniú a thabhairt don Teach faoin ráiteas soiléir a thug Gobharnóir Bhanc Ceannais na hÉireann dúinn ar maidin agus an méid a bhí le rá aige.

Níl cead ag an Teachta——

Tá an ceart agam.

Níl an Teachta ceart. Níl, níl, níl.

Tá an ceart agus an cead agam ráiteas gairid a dhéanamh faoin moladh atá déanta ag an Rialtas faoin ábhar seo. Tá mé ag déanamh ráitis ghairid.

Tá sé déanta.

Beidh mé críochnaithe i gceann nóiméid.

Tá an cheist sin socraithe.

Ní raibh an ceart ag an gCeann Comhairle.

Bhí an ceart agam.

Bhí vóta ann ach ba cheart don gCeann Comhairle admháil don Teach——

Gairid means short, not ten minutes.

De bharr na cúiseanna a chuir mé in iúl, tá Páirtí an Lucht Oibre ag dul i gcoinne na molta atá os comhair an Tí faoi láthair.

Cuirim féin chomh maith i gcoinne na molta atá ann i Riar na hOibre, ní ar an bhonn chéanna leis an Teachta romham ach ar an bhonn gur ráitis atá i gceist seachas rún. Rith an comhchoiste rún agus d'fhoilsigh sé tuarascáil maidir leis an straitéis seo agus ba chóir go mbeadh rún os comhair na Dála ag tacú nó ag cur i gcoinne na tuarascála sin. Ní fiú tráithnín na ráitis, tarlaíonn siad go rialta anseo; uair sa bhliain, tráth Lá Fhéile Pádraig, bíonn ráitis agus ní dhéantar faic dá réir. Ar a laghad, má tá rún os ár gcomhair, beimid ag impí ar an Rialtas rud éigin a dhéanamh de réir tuarascáil an chomhchoiste. Sin an fáth go bhfuil mé ag cur i gcoinne na molta seo.

Ag éirí as an méid a bhí le rá ag an Fhreasúra, níl dualgas orm a dhath a rá ag éirí as an rud atá os comhair an Tí; tá sé molta agus sin an rud a rinne mé. Chomh maith leis sin, mar gheall ar an díospóireacht seo faoin straitéis, sin an struchtúr atá socraithe idir na haoirí agus sin an fáth go bhfuil mé á mholadh anois.

Cad chuige a thug an Ceann Comhairle cead don Tánaiste freagra a thabhairt don Teachta Gilmore agus an Teachta Ó Snodaigh nuair nár thug sé cead di freagra a thabhairt do na Teachtaí a labhair roimhe seo faoi na deacrachtaí sna bainc? Cad chuige sin?

Chuir mé an cheist.

Tá mé ag iarraidh ar an gCeann Comhairle, mar chathaoirleach na Dála, a insint dom cad chuige gur thug sé cead don Tánaiste freagra a thabhairt ansin nuair nár thug sé cead di freagra a thabhairt do na Teachtaí eile a labhair faoi chúrsaí eacnamaíochta.

Tabhair freagra dúinn.

Táim ag cur ceiste ar an gCeann Comhairle.

Buailfimid ar aghaidh. Is the proposal for dealing with——

Ní bhuailfimid ar aghaidh. Tá mé ag cur ceist ar an gCeann Comhairle.

Is the proposal for dealing with No. 17 agreed to?

This is more inconsistency from the Chair.

Question, "That the proposal for dealing with No. 17 be agreed to", put and declared carried.

I call Deputy Kenny on the Order of Business.

I may not have the chance to contribute to the debate on banking. In the light of the truth spoken by the Governor of the Central Bank this morning, do I take it that irrespective of what officials are involved in negotiations or discussions, this is a matter for elected representatives and politicians to make decisions? The job of politicians is to find solutions and make decisions. Do I take it that the 12.5% corporation tax rate will be defended to the limit by the Government? Although we continue to pour billions into a failed banking structure it is not going to work and will only heap further tax on Irish taxpayers for generations. Will the Tánaiste outline the Government's proposals to shift the banks currently in State ownership from the backs of the Irish taxpayer at no cost? Is it a fact that the Government will now change tack and that bondholders will be made to share part of the burden of what will emerge from the discussions taking place in the Department of Finance and the Central Bank?

That sounds like a more suitable question for the question and answer session later.

On the same issue, will the Tánaiste indicate whether Professor Honohan is the leader of the Irish negotiating team? We need clarity from the Government as to the status of officials speaking nationally and internationally on the Irish sovereigns position in respect of banking and budgetary matters. This must be clarified for those of us in the House as well as for international media outlets. What was the status of Professor Honohan's comments this morning? Was he speaking in a personal capacity? Was he speaking as the Governor and a member of the European Central Bank, ECB?

That is a question for the question and answer session later, after the statements.

Was he speaking as the principal negotiator for Ireland? It is important that this is clarified with regard to the work being carried out in Ireland by the teams from the International Monetary Fund, the European Central Bank and the European Commission, which are now in the country. These teams work to a template as they have done in other countries. Will the Tánaiste indicate whether a bank resolution mechanism will be part of the template of reform?

Will the Deputy hold that question for the question and answer session?

It is a perfectly suitable question to ask at that time.

I am trying to be brief. A bank resolution mechanism has been promised for almost one year by the Minister for Finance and the Taoiseach on various occasions as legislation in preparation.

Deputy, will you be in the House for the question and answer session?

In the context of the visit of the teams——

Do you not think that would be an appropriate time to ask that question?

This is about legislation.

This is about promised legislation.

This is the Order of Business.

Promised legislation on the Central Bank (No. 2) Bill is overdue at this point.

Okay, proceed then.

Will the Government and the Tánaiste indicate whether bank resolution legislation is included as part of that, because it is a necessity? Will the Tánaiste indicate whether the structure of the bailout facility being discussed by the international teams has been identified as yet? Will it be added to our national debt? If it is, our debt to GDP ratio will rise very dramatically along with the cost of interest to the State.

The Deputy is going into detail.

That was very brief.

A brief inquiry only, please. Have we promised legislation in this area, Tánaiste?

Regarding the issue of legislation on the bank resolution, the heads are being prepared by the Minister and will be brought forward in due course. I will not enter into any other discourse on the issue because the Minister for Finance will be here presently to outline the outcome of his discussions and to take a question and answer session. However, I take the opportunity to say to Deputy Kenny that the 12.5% corporation tax is non-negotiable.

We will move on to statements on banking.

Are we not on the Order of Business?

Gabh mo leith scéal.

Yesterday morning I raised with the Tánaiste the issue of the working group on mortgage arrears, which published a document yesterday afternoon. Will the Tánaiste indicate whether time will be given to deliberate and debate the contents of the report?

That matter can be discussed between the Whips.

Regarding the Appropriation Bill, will the Tánaiste confirm to the House whether the Government will deliver a budget of itself or whether the ongoing "discussions", as it wishes to euphemistically refer to them, will dictate the budget to the House?

That question can be asked later.

The Minister for Finance is beside the Tánaiste and I am sure he will advise her. We were informed by the Taoiseach that the drugs reference pricing Bill would be passed through the House at the same time as the drugs prescription charges legislation. However, I note it has been postponed to next year. The Bill could save hundreds of millions of euro in what we pay for our drugs but it is left out in never never land. Such waste has led this country into the sorry condition in which it finds itself. The Government is living in a fantasy land where the IMF is about to increase the rent which the people will have to pay.

The heads for the reference pricing for drugs Bill have been approved by the Government and it will be next year.