Paschal Donohoe (Dublin Central, Fine Gael)
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On the question on the difference in timing, as I said when we were weighing up the right approach for us, other countries decided to go ahead and join. The benefit of doing that, of course, was that it gave us the opportunity to observe the operation of the bank for a year and to be satisfied that we believed joining it would be right for the country. We were able to see how the governance arrangements worked and ensure we were satisfied with them.

Regarding callable capital, we believe it is very unlikely that capital will be called on. We do not see any issue caused by us being a member of the second group of countries to have joined.