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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Just to be clear, if one of our banks required additional capital after stress tests were carried out next year, and it could not raise it in the international markets, it would have access to the ESM and this bail-in procedure would not apply.