Seán Ó Fearghaíl (Kildare South, Fianna Fail)
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Question 91: To ask the Taoiseach the reason he agreed a text at the conclusion of the most recent EU Council meeting which states that Ireland's debts will be sustainable without an interest rate cut; if he will further indicate his acceptance of the fact that this represents a reversal of the position adopted by the last Government and by his Government during March; and if he will make a statement on the matter. [18848/11]

Enda Kenny (Mayo, Fine Gael)
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I reported to the House on 28 June on the meeting of the European Council that took place in Brussels on 23-24 June.

The European Council welcomed the progress made in Ireland in the implementation of our EU/IMF Programme, and confirmed that this is well on track. This is a welcome recognition of the efforts being made by the Irish Government and people.

The principle of an interest rate reduction to better take into account debt sustainability has already been agreed. Resolution of this issue is being taken forward by Finance Ministers.