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

5:10 pm

Mr. Feargal Ó Brolcháin:

The conditionality is set out in a memorandum of understanding. Broad macroeconomic and other conditionalities apply. They are not the same as those applied to Ireland, but they are of the same nature in that they cover budgets, economic structural reform and financial sector reform. We can arrange to provide a copy of the memorandum of understanding, if the Deputy wishes.

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