Oireachtas Joint and Select Committees
Wednesday, 8 May 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Discussion with Minister for Finance
6:10 pm
Michael Noonan (Limerick City, Fine Gael)
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There will be an extension of maturities and additional surveillance. However, there are so many other things. Deputy Donnelly referred to the two pack, six pack and various oversights. There is a lot of oversight coming from Europe now in any case. It has been overtaken by events. I do not think it will add any burden to us in addition to all the other fiscal rules that have applied to Ireland and every other European country as we move forward. I did not know about the statement on direct recap. I will look at it later. Deputy Donnelly asked about the €11.2 billion.