Oireachtas Joint and Select Committees
Thursday, 28 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Promissory Note Bonds: Discussion
9:30 am
Joan Collins (Dublin South Central, Independent) | Oireachtas source
What should also be looked at - this was mentioned by Deputy Pearse Doherty - is the Credit Institutions (Financial support) Act 2008, which gave the Minister for Finance absolute power without coming to the Dáil for a vote. Whether that should remain in place should be investigated. In the case I took the Supreme Court, the court stated that the time was exceptional and that it was an exceptional measure in exceptional circumstances. The court backed the Constitution. That has to be changed. The law has to be changed or there should be a discussion on whether it should be changed. That proposal should be put forward by the committee.
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