Oireachtas Joint and Select Committees
Wednesday, 24 September 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion
4:30 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
In practical terms, if money is drawn down to meet a new capital shortfall, for example, and the Department goes through the relevant procedures and is successful and secures direct recapitalisation from the ESM, does the ESM then become a shareholder of the bank? What is its status? Is it an investment, equity or a loan?
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