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. Feargal Ó Brolcháin:
I would like to provide some clarification in that regard. I draw a distinction between forward-looking and retrospective recapitalisation. The detail of forward-looking direct recapitalisation is fleshed out in the guideline.
The detail of retrospective recapitalisation is not fleshed out, which would be decided on a case-by-case basis as applications were made.
No comments