Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The safety mechanism is the quantum of money. It would require the approval of the Oireachtas if the approximately €1.8 billion needed to be increased. An amendment could not be made to change the substance of what has been agreed in the loan facility agreement. This is mentioned in paragraph 21 of the agreement on amendments and waivers. It states none of the aforementioned amendments shall change the substance of the agreement compared to the loan facility agreements entered into with other participating member states. If Italy wanted to take a particular course, it could not alter the resolution waterfall into which we and other eurozone members are entering with regard to the Single Resolution Fund. Neither would it alter the terms on which we will make the loan facility available to the Single Resolution Mechanism.