281. Deputy Pearse Doherty asked the Minister for Finance further to the confirmation by Moody’s Investors Services of Ireland’s sovereign debt junk status with a negative outlook, which Moody’s sought to justify by stating the euro areas continued vulnerability to shocks emanating from the regional debt crisis, most recently the agreement by the European Union to the bail-in of bank deposits to raise part of the funds needed for Cyprus' financial rescue, if he continues to maintain that the design, to which he contributed, and implementation of the Cypriot bailout is good for Cyprus, the Eurozone and Ireland. [16593/13]

Summary

281. Deputy Pearse Doherty asked the Minister for Finance further to the confirmation by Moody’s Investors Services of Ireland’s sovereign debt junk status with a negative outlook, which Moody’s sought to justify by stating the euro areas continued vulnerability to shocks emanating from the regional debt crisis, most recently the agreement by the European Union to the bail-in of bank deposits to raise part of the funds needed for Cyprus' financial rescue, if he continues to maintain that the design, to which he contributed, and implementation of the Cypriot bailout is good for Cyprus, the Eurozone and Ireland. [16593/13]

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