Oireachtas Joint and Select Committees

Wednesday, 18 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

5:05 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I note the ECOFIN meeting will be briefed by the Commission on the contributions that the banks will be expected to make to the resolution funds. What specific timeframe does the Minister envisage for this? He has spoken on the matter in general terms but I ask him to break the process down into the separate steps that will bring us to the position where the stars collide and we can make the best possible application for retroactive recapitalisation of the banks.

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