This will not be allowed, because it would spell the end of the free market as we know it,

I am a firm believer in the benefits of open markets and the free movement of capital.

Ireland does not believe that there are reasonable grounds for such a recommendation,

The danger is, if we're not very frank and strong about this, there will be tit-for-tat arrangements. You get into a situation where it becomes an epidemic.

I will be monitoring the situation closely and, if I am not satisfied that sufficient progress is being made, I will take tougher action,

One can stay within the legal rules, but not completely comply with the spirit,