Oireachtas Joint and Select Committees

Tuesday, 31 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition

12:30 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael)
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My point is that we were forced by the Commission and the European Central Bank to pay the bondholders while the IMF was of the view that they should have been discounted. The Commissioner is a senior member of the Commission. The largest states get to do an awful lot more than the smaller states and the rules, as they apply, are not always applied equally.