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
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
In layman’s terms, beginning with the SRM, one goes down through the rankings in terms of shareholders and then works down through the normal procedures. Then one gets to a point at which the ESM is effectively a backstop fund for a resolution mechanism. Is that a fair comment?
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