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
In situations such as that, the ESM would play a role and would also use its funds to do that. In those situations, the ESM will also look for funding from the banking sector itself. The Deputy asked me earlier about the contribution that Ireland will make to the operation of this. Over time, it will be €815 million.
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