Oireachtas Joint and Select Committees

Wednesday, 15 October 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Scrutiny of EU Legislative Proposals

2:00 am

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)

We are the finance committee of the Houses of the Oireachtas in Ireland and we are being told that member states are likely to repay these loans and that is the working assumption. However, there is a lot of talk about war coming to Europe and that this is the reasoning behind these member states needing to increase their military capabilities. Surely, in a situation like that they are less likely to pay back their loans. We are being asked to backstop those loans. We are supposed to be in a position to assist with that. It is crucially important for the finance committee of the Houses of the Oireachtas to know exactly what is expected from these member states and why it is anticipated that they will pay the loans back.

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