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
4:40 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
Can Mr. Ó Brolcháin see a situation arising where the ESM could take a controlling interest in Irish banks? It is a question Deputy Michael McGrath broached and an obvious one to ask. Would the ESM seek to take controlling interests in Irish banks if the situation arose or would it use a mechanism whereby it would keep a minority interest coupled with preference shares?
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