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

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

What is the distinction? Obviously, Mr. Ó Brolcháin has looked at this in great depth; therefore, we will deem him to be the authority on it. Article 14 on retrospective recapitalisation has particular significance in the Irish context. What is the distinction between how the ESM looks at retrospective recapitalisation and current recapitalisation?

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