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

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5:30 pm

Mr. Scott Rankin:

If the Deputy could bear in mind that in the system it is used and money is drawn down. Ireland's capital is part of the ESM capital so it is our capital that is being invested in this bank in the future that is being recapitalised through ESM.

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