Oireachtas Joint and Select Committees

Wednesday, 26 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Draft Heads of Central Bank Bill 2014: Department of Finance

3:45 pm

Mr. Feargal Ó Brolcháin:

The ESM is providing an account. It is not an ESM facility as such but rather a multilateral facility from euro area member states to Greece. The ESM is facilitating this and providing an administration or banking function.