Oireachtas Joint and Select Committees
Thursday, 25 November 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I will check that before we get to Report Stage, but it is such an unlikely possibility that I would be surprised if there were a legal provision for it in place. The members of the board of governors of the ESM are, in many cases, the finance ministers of ECOFIN anyway, so the finance ministers themselves or their representatives will be involved in making this decision. The latter makes it exceptionally unlikely that they would deviate in any way from the rules they themselves are involved in setting. However, as to whether there is a legal provision for that, it is a good question and I will come back to the Deputy on it.
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