Oireachtas Joint and Select Committees

Wednesday, 29 November 2023

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance (State Guarantees, International Financial Institution Funds and Miscellaneous Provisions) Bill 2023: Committee Stage

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Let me put it like this. The Minister of State mentioned the Commission. I mentioned the Commission earlier on. The Commission carried out an assessment in relation to the risk. In 2022, on the €6 billion loans that were provided to Ukraine, the Commission recognised that there was a 70% provisioning that would have to be done. I am asking whether this country has done an assessment of the impact in terms of Ireland? The Commission did not turn around and say it is 100% because that would be the ultimate risk. They are saying it is 70% because of the weighed-up factors, etc. It is risk. It may not materialise but they have said that that is the provisioning that has to be done. Has the Department done any assessment in that regard, and is there a percentage?

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