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
Mr. Cathal Sheridan:
That will be sufficient to address the matter in many resolutions because of the European single resolution mechanism and the gradual mutualisation of the fund. It will really only be in a disastrous situation that the ESM will be involved. The purpose of the single resolution mechanism is to ensure there will be sufficient funds in the single resolution fund in most cases to cater for resolutions without the State having to intervene.
No comments