Helen McEntee (Meath East, Fine Gael) | Oireachtas source

My understanding is that all proposals are being looked at, including the Spanish proposal. It is something our finance ministers are looking at. The recovery fund was to be outlined today but that has been postponed, perhaps until next week. As the Taoiseach said earlier, we support putting a mechanism in place, whether it is a mixture of loans or of grants, that is timely, that will reach people when they need it most, that is targeted, but also that is temporary because we hope we will come out of this crisis as quickly as possible. That is the approach we are taking. We have not specifically targeted or focused on any one particular policy or priority area. We have said that if the mechanism is targeted, timely and reaches the people who need it first, we will support it but, again, much of the detail will be outlined by our ECOFIN ministers. My understanding is that it should be in the next week or so.

See this speech in context