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

10:40 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I do not want a Punch and Judy show. The credit line is not on the agenda of the Eurogroup. As the Minister informed the committee, the agenda of the Eurogroup is specific country issues, in which there is a trawl through of the situations in Spain, Greece and Ireland. As the Minister said, that gives him an opportunity to talk about exiting the bailout. The question I am putting to the Minister is whether he will take that opportunity to talk about what was the game changer, the seismic shift 17 months ago, the retroactive recapitalisation of Irish banks, particularly in light of comments of senior leaders in Europe at this point in time that the chance was slim and it is very unlikely that retroactive recapitalisation will take place.

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