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
5:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source
I do. I have a question on direct recapitalisation, not just retroactive recapitalisation. I wish to translate it into simple layman’s terms that people can understand. If the Minister makes an application for recapitalisation, the deal is that the ESM would buy a share in the financial institution, and in the case of retroactive recapitalisation we would get the money back. Is it envisaged that it would retain the shareholding?