Pearse Doherty (Donegal South West, Sinn Fein)

That was only my first point about the Schedule. In fairness, as this legislation is about keeping money back, we will have a short while in which to go through this sham.

Page 12 deals with the service fee and I seek the Minister's explanation. It reads in regard to the service fee in respect of EFSF loans:

This shall provide remuneration for the Guarantors and shall be specified in the relevant Financial Assistance Facility Agreement. The EFSF shall review periodically the pricing structure applicable to its Financial Assistance Facility Agreements and any changes thereto shall be agreed by the Guarantors acting unanimously in accordance with Article 10(5).

When I read that, I am worried. Is the pricing structure fixed, or does this allow for it to be amended by agreement?

See this speech in context