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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Therefore, in circumstances where the SRF funds are depleted, taxpayers' money flows into the banks in the case of a bailout but only after bondholders have been burned, the SRF has been depleted and they need a credit line from the ESM.
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