Oireachtas Joint and Select Committees
Wednesday, 3 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Review of ECOFIN Matters under Irish EU Presidency: Discussion
4:15 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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I am happy with that. There is a bail-in procedure here. My understanding is that we could not go to the ESM without applying the bail-in procedure. Is it not the case that in a bail-in procedure, the first to take the hit are the shareholders, followed by junior bondholders?