Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
7:00 pm
Mr. Aidan Carrigan:
The objective of this mechanism is to minimise that exposure by the maximum amount possible. We can never say never because, as the Deputy was saying, we cannot anticipate exactly what will happen. However, if we go through the procedures, we will note the exposure has been reduced to what we regard as very close to minimal in this case, subject to further details being worked out in regard to backstop arrangements.
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