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
No; it is the opposite case. In our case they said it was not that at all and that they would have to lend to the sovereign. Lending to the sovereign is not what destabilised us. One would have to argue that lending to the sovereign by the ESM would destabilise the sovereign, but in our case it was what stabilised it.
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