Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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I wish to make a point on the application, which is the point I made on Second Stage. I thought I heard the Minister say something on that in response to Deputy Doherty.

While the modalities, to use the Minister's term, or the terms and conditions that might apply to any application for direct recapitalisation will be discussed case by case by the board of governors, did he suggest, and that is the way I read it, that in so far as we can have any clue about the modalities that might apply, there may be clues in the rest of this Bill in terms of the various requirements, including the cascade, the threat to eurozone stability, that we have exhausted our own resources and capacity to do it, that we have gone to the senior bondholders and so forth, and that those sort of conditions are likely to be what will be considered by the European Stability Mechanism in deciding on an application for retroactive recapitalisation. Is that what the Minister said?