Oireachtas Joint and Select Committees

Wednesday, 8 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

6:10 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

There will be an extension of maturities and additional surveillance. However, there are so many other things. Deputy Donnelly referred to the two pack, six pack and various oversights. There is a lot of oversight coming from Europe now in any case. It has been overtaken by events. I do not think it will add any burden to us in addition to all the other fiscal rules that have applied to Ireland and every other European country as we move forward. I did not know about the statement on direct recap. I will look at it later. Deputy Donnelly asked about the €11.2 billion.

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