Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

We take the same view as the Commission. As the Deputy said, the Commission took a view that 70% was set to contain the risk of non-repayment in line with the principles of sound financial management. The composition of the guarantee coverage is allocated to paid-in provisioning of 9% from the EU budget and callable guarantees from member states of a further 61% of the total loan amounts. We do not take a separate view of risk to the Commission risk.