Oireachtas Joint and Select Committees

Wednesday, 8 October 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

European Stability Mechanism (Amendment) Bill 2014: Committee Stage

4:40 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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That is quite surprising. There will be no rules, as such, and when a member state makes an application, there will be no indication of how it will be viewed, benchmarked or adjudicated on. It will be a case of making an application and then negotiating on it. This means that different rules will be able to be applied to different states.