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
5:30 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
If I may add a quick technical follow-up to Deputy O'Donnell's point. Is there a legal mechanism within the ESM and the DRI that would actually allow retrospective recapitalisation, critically not as a loan but as a transfer? That is what we are looking for, we are not looking for a loan.
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