Dáil debates
Wednesday, 6 February 2013
Irish Bank Resolution Corporation Bill 2013: Second Stage
9:55 pm
Shane Ross (Dublin South, Independent) | Oireachtas source
What I do know, and what I do not like about the Bill, is section 17 which hints at what we are going to get from the Minister. This is the objectionable part. It gives such wide-ranging powers to the Minister that he can introduce and issue securities for as much as 100 years, so far as I can see, although the ECB will not allow him to go that long. The Bill gives the Minister powers we cannot accept.
I cannot vote in a vacuum for a Bill that does not tell us what will be swapped for the promissory notes.
No comments