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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein)

That is helpful but it does not really answer the question because our liability would be spread. Is it not correct that if there is a default, Ireland would be on the hook for a portion of this? When we are discussing legislation, we should know what something looks like. Is it €100 million, €1 billion, €2 billion or €10 billion? I have no idea, but I suspect that Ms Ralph does. What is the outer limit for Ireland's contribution, not in any given year for what we can pay under the overall budget and the cap of 1.4% but, rather, the overall contingent liability if we enter into this? This would be just normal. Resolutions are brought before the Dáil on multilateral organisations such as the IMF, for example. It is stated very clearly that this is the contingent liability and exactly what we could be on the hook for. We are looking at these measures without any figure. What is the figure?

Comments

No comments

Log in or join to post a public comment.