And fourth, Ireland has to change its international spots, where it always opposes tax justice measures. We will know things are changing when Ireland calls for public country-by-country reporting so that we can truly understand what happens there and in its relationship with the multinational tax community.
But most of all, Ireland needs to reform its whole structure so that profits simply cannot flow through it. This requires technical and admin changes which are wholly unrelated to bank losses but would create effective rules that ensure Ireland can no longer pretend that it can exist by routing financial flows from the world into tax havens, which is what it does now.
Finally, the minister needs to stop playing games. If Ireland is in the last chance saloon on Tax Justice it is time to take the issue seriously. There is little sign of that really happening.
Adopt my policy, the one which I invented, candidly, or you are not being serious.