Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The European Investment Bank has a good record of success. The second part of the question refers to the bail-in. The ECOFIN communiqué issued last week stated, "As the still to be adopted BRRD bail-in tool will not yet be applicable at the time of the conduct of the [...] stress test, burden sharing will apply, in full". It goes on to say state "Member States will ensure that the necessary tools are in place enabling them to proceed with such burden sharing, including changes to national legislation as appropriate". Is the Minister preparing legislation to allow for the bail-in tools which include the burning of senior bondholders and also the other steps entailed in it? When will we see the legislation before the House?

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