Oireachtas Joint and Select Committees

Wednesday, 3 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Review of ECOFIN Matters under Irish EU Presidency: Discussion

4:15 pm

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

If one of our banks needed additional capital, the first option would be to raise it on the markets. That would be the obvious option to take. After that, an application to the ESM would be the next option. It is hypothetical.

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