Dáil debates

Wednesday, 15 July 2020

Financial Provisions (Covid-19) Bill 2020: Committee and Remaining Stages

 

4:05 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

How will our capital commitment be realised? Will there be a call in the event of a default on a proportion of the loans that will be shared equally by member states for that portion? How will that call be accessed? Will it happen after a period of time or after a quantum of loans are defaulted upon? What is the mechanism of the notification to Parliament regarding that?

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