Pearse Doherty (Donegal South West, Sinn Fein)
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I appreciate that. The Minister has set out the Government's overarching policy position. The bail-in is one of the outstanding issues that will have to be agreed at the ECOFIN meeting on banking recovery and resolution. The Minister outlined how the working group will take that process forward. As a member of this committee, I would like to know what the Irish position on this is. It is a very clear question. Is it the Irish position that the bail-in of depositors would happen prior to the ESM contributing to the recapitalisation of a bank?