Oireachtas Joint and Select Committees

Wednesday, 18 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

4:35 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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-----subordinate bondholders. When we started on that in Europe, it was as a sole voice, but now it is part of the legislative underpinning of banking union. The argument has been won and the bailing in of senior bondholders is now part of the system that is envisaged. We will continue to negotiate and I hope we will make progress.