Seanad debates

Thursday, 20 May 2010

Euro Area Loan Facility Bill 2010: Committee and Remaining Stages

 

1:00 pm

Photo of Alex WhiteAlex White (Labour)

The amendments make a lot of sense. A quarterly basis report from the European Commission to the lenders will be available in any event. The rationale behind the Fine Gael amendments is that the Minister should use this as a benchmark for reporting to the Oireachtas. There is a lot of merit to this suggestion, which runs through most of the amendments, although amendment No. 4 provides that a breakdown of the aggregate in respect of each individual advancement to Greece is to be provided, and No. 5 provides for a breakdown of moneys received by the State. Under these amendments, the information is broken down much more satisfactorily than is contemplated in the Bill itself. They would, if passed, ensure the provision of a greater amount of detail to the Oireachtas and ultimately to the public so that we could see on a regular basis precisely what was happening.

The Minister of State has indicated the Minister is willing to alter the provisions set out originally in the Bill. I did not quite catch the beginning of what the Minister of State said. Did he say there would be an amendment to this legislation on Report Stage?

Comments

No comments

Log in or join to post a public comment.