Dáil debates
Thursday, 24 June 2010
European Financial Stability Facility Bill: Second Stage
12:00 pm
Kieran O'Donnell (Limerick East, Fine Gael)
The point is that 120% of the amount is required to be given under guarantee to enable the country to secure a AAA rating. This is to counter for the possibility that some member states which should provide the guarantee may be unable to do so. The question I am asking is simple. If one is required to provide 120% of the contribution amount-----
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