Oireachtas Joint and Select Committees
Wednesday, 13 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Discussion with Minister for Finance
10:20 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Can I ask the Minister for an update as to where we are on that question of the precautionary credit line? What issues have yet to be teased out by Government? I know the Minister has had a pretty extensive round of consultations with key stakeholders and taken many soundings on board. He still has a number of weeks in which to make a final decision. The markets seem to be quite calm on the question of whether or not we take such a credit line. What are the factors that the Minister is weighing up in respect of whether or not it is a good idea to adopt one?
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