Oireachtas Joint and Select Committees
Thursday, 7 July 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage
11:00 am
Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source
Paragraph 21 refers to this agreement, which is a draft agreement between Ireland and the Single Resolution Board. It states, "None of the aforementioned amendments shall change the substance of this Agreement compared to loan facility agreements entered into with other Participating Member States." Ireland's agreement could not be changed to something out of whack with the agreements relating to other member states but if the substance of it was changed in each agreement, I am not sure whether paragraph 21 would prevent that to which I refer. We are speaking about exceptional circumstances. However, we are operating in fairly exceptional circumstances.
No comments