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

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

In respect of head 1, for what exactly will the legislation allow? The general scheme states it will allow for the inclusion of an instrument for direct recapitalisation. Are we being asked in the legislation to incorporate a specific amendment to enable the board of governors to come up with an amendment or will the instrument be written into the legislation?

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