Dáil debates

Thursday, 24 June 2010

European Financial Stability Facility Bill: Second Stage

 

12:00 pm

Photo of Martin ManserghMartin Mansergh (Tipperary South, Fianna Fail)

Perhaps that is not fair. However, I emphasise that the Minister's speech dealt with the financial implications of the Bill. Aside from our capital contribution, which is relatively small, money will only be required if a guarantee is called. Even then, every effort would be made to secure repayments of a so called guarantee. Our guarantees should not turn into losses and every effort will be made to ensure that scenario does not arise.

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