Oireachtas Joint and Select Committees
Wednesday, 24 September 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion
4:30 pm
Mr. Feargal Ó Brolcháin:
Article 14 of the draft guideline provides that there may be retrospective recapitalisation, to be decided on a case-by-case basis by the board of governors. The modalities for such implementation would be decided at the time. That is what the draft guideline states about retrospective recapitalisation. The provision is included and no further detail is available.