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
4:50 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The rules to which we are being asked to agree in this legislation will compel the State in future cases to bail out bust banks, or banks with a capital shortfall, if it is able do so. If we have resources, that is what we will be asked to do under the legislation. We will be asked to make a contribution towards a bust bank.
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