Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Single Resolution Fund Bill: Discussion
2:00 pm
Aideen Hayden (Labour) | Oireachtas source
How stable is the European banking system? We were talking about whether €55 billion would cover it in the event of a euro collapse. Of the banks still failing in meeting the capital requirements, are any of them Greek? Given the recent comments by the Prime Minister, Mr. Tsipras, to the effect that a Greek exit would bring down the euro and cause contagion within the entire euro system, to what extent is the supervisory mechanism which would be a precursor to bailing anybody in or out satisfactorily in place? If Mr. Carrigan does not have that information with him, he can send it on after the meeting.
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