Dáil debates

Wednesday, 19 December 2012

European Council Brussels: Statements

 

12:35 pm

Photo of Eamon GilmoreEamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

I refer first to Deputy Martin's question. It is not the case that 98% of banks are excluded from the single supervisory mechanism. The mechanism will cover the vast majority of European banks, some 90% all told, according to some estimates. The misunderstanding concerns the direct supervision by the ECB-----

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