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-- you're here in New York I would assume the message is.
One that's going to Wall Street so if you can if you just had one sentence that you like to get across -- Wall Street investors -- would be what's the message tomorrow Ireland's open for business.
Back open for business -- back.
Yes new government says different sense of priorities decisiveness of certainty.
We're not moving over two of them have some cooperation talks which.
We're in a position who -- making serious decisions decisive decisions -- banks in the future.
Okay let's talk about a couple those decisions of its interest in that you mentioned without even asking the 12% corporate tax rate that's.
That's not even up for discussion it's never gonna change your point.
Correct I was number -- a -- which introduced this.
It's very transparent.
-- and a half percent it's an -- resentment of them point nine.
It's it's guaranteed as being me.
And not reflection competence but whose entries in the declaration attached to the house.
This has been fully understood by many important colleagues.
And has made this point in many other -- -- also removed from -- -- represented much of breach of trust and most of us OK you also mentioned that there -- -- major decisions to be made about the banks you and I spoke before.
You were the T -- before you were the prime minister back in December.
And I asked you that some of the bond holders would take -- hit you said we would legislate to -- the financial regulator here.
The opportunity to implement bank resolution legislation.
That this might happen essentially the bondholders in Irish banks might have to take.
Hit a haircut.
Well Europe and delivered a very -- review.
About bond holders in initiative wasn't -- -- Any hate being taken by subordinated bondholders.
And that's you know been the case.
And so and the decisions made by my government in respect of you know banks.
You would have had six dysfunctional banks -- -- enough to use to -- up things feedback aren't in another respect.
And we agreed with the ECP.
Not to touch senior bondholders and those two banks however.
As I -- Irish bank was not subject to the serious stress tests of the banks and does know and -- for for the capitalizations commend them.
We recognize that rises in the wind down situation that he's senior bondholders and very different category.
And -- senior bondholders -- -- -- -- sale takes losses if if requirement comes in for for the capitalization.
The government and obviously -- definitely differently than in the and to replace what.
A viral on the bill that's been in place now for some time from the EU and from the IMF but still when you read about Ireland you talked to experts and economists about Ireland.
The apostle islands no intention of defaulting or -- -- figures -- published yesterday.
In respect of the four -- of -- of excess corporation -- to union contracts from the 600 million head of targets.
That's an indication.
In a small we have confidence we recognize the -- of the challenges we face here.
And -- it -- to -- its part we -- flexibility from you have to do so.
Necessary didn't expect to have the thanks we've made the decision who just put an end the confusion the last two and a few was no intention of default issue all due respect is different from saying.
I guarantee there will not be at fault well that -- The life is a -- to guarantee.
We recognize the challenge that's faced in perspective.
Of meeting financial targets that's what is -- -- -- of improvement and that's when we're meeting those -- and yes it is a demonstration.
For that measure of confidence coming back so there's a great hope and optimism and -- -- at long last big government is facing this challenge head on.
He's making the decisive decisions that are there and I have no intention to fund --
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