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
5:00 pm
Mr. Feargal Ó Brolcháin:
As my colleague, Mr. Rankin, outlined, the Deputy is asking us to comment on a negotiation which has not yet taken place. I do not see what the Deputy has outlined as a very strong opening position in such a negotiation. I am sorry to be repetitive, but Article 14 sets out what it sets out and simply states the details of any particular application will be decided when the board of governors decides on it. That is as far as it goes. It allows the board of governors discretion to take the approach the Deputy has suggested or to take a different approach.