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
5:20 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
That is critical. Could I ask about the €60 billion? I know we have been through it before. It feels very light. I have got very useful clarity on the 8% and 5%. Let us say they do not stop the problem and we have to move on to the ESM. The note we have says the DRI mechanism can only be used if indirect recapitalisation by the ESM is not possible. Is that correct?
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