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Promissory Notes: Motion (Resumed) [Private Members]

Vote from 06/02/2013

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The following motion was moved by Deputy Shane Ross on Tuesday, 5 February 2013:
“That Dáil Éireann:
in view of the imminent danger of Ireland’s humiliation in the negotiations with the European Central Bank over the Anglo Irish Bank promissory notes, calls on the Government to:

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Background information

The following motion was moved by Deputy Shane Ross on Tuesday, 5 February 2013:
“That Dáil Éireann:
in view of the imminent danger of Ireland’s humiliation in the negotiations with the European Central Bank over the Anglo Irish Bank promissory notes, calls on the Government to:
— make a public declaration that Ireland is unwilling to, and will not, pay the €3.1 billion payment due on 31st March;
— assert that the debt is not the moral obligation of the Irish people; and
— demand from the European Central Bank that a prerequisite to a settlement of the promissory note issue will require a negotiated write-down of the debt embracing fair sharing of the burden across the Eurozone”

Debate resumed on amendment No. 1:
To delete all words after “Dáil Éireann” and substitute the following:
“recognises the importance of completing an agreement on the issue of the promis- sory notes before the next scheduled payment on 31st March, 2013;
recognises that the current negotiation approach is the best course of action in order to achieve agreement with our European partners; and
notes that the Government will continue in its negotiations with the European Cen- tral Bank to achieve the best possible outcome for the Irish taxpayer.”
-(Minister of State at the Department of Finance)

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