Enda Kenny (Mayo, Fine Gael) | Oireachtas source

We will continue to make this an issue when we assume the Presidency and building shared supervision at EU level is a crucial step towards what was decided at the June European Council meeting. The Commission has also proposed a phased approach to the single supervisory mechanism to be in place by 1 January. We believe this should be considered urgently and, significantly, when it is established it will open the way for the ESM to be used to recapitalise banks directly.

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