Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

The reason this provision is here is prudence. If there is a serious disturbance in the State's economy it is critical for survival and to prevent serious damage to the financial system. The provision can ensure the continued stability of the financial system. The circumstances where this may be used are extremely rare, though they arose during the economic crisis. The Irish economy has recovered significantly since the crisis and we are now in a better position. This provision is included as a prudent measure, it is not intended that it will be invoked. It is intended for investment in jobs.