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

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I did, and I believe this is a good, balanced outcome for all of us. The progress we made in ensuring the SRF and ESM are funded by banks rather than the taxpayer was a massive step forward. The key piece of conditionality in this is, as I explained, that the money that goes into ESM - the share of the ESM that is relevant to this - and to the SRF is a contribution from the banking sector. There is no further conditionality there.

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