Oireachtas Joint and Select Committees
Wednesday, 18 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Minister for Finance
4:45 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
My view is that the Minister's negotiating strategy has been appalling. He should have stood up for Irish interests. He is about to amend legislation to allow for a banking union to exist with no real commitment to direct recapitalisation. We met with German Bundestag Members today who spoke about the lack of political opportunities and the fact that it is impossible to sell the Irish retrospective bank capitalisation idea in Germany, with a list of people from Klaus Regling to Jeroen Dijsselbloem to Wolfgang Schäuble stating that it is politically impractical. The Minister is trying to drag this out for as long as possible. I would support him 100% if he took a more robust stance with his European colleagues to fight this corner. My opinion, however, is that he is not doing that.
To move on to the countries-----
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