Seanad debates
Thursday, 17 May 2012
Treaty on Stability, Cooperation and Governance in the Economic and Monetary Union: Statements
3:00 pm
David Cullinane (Sinn Fein)
-----when they ask me to show them the money is that they should tell me where we will get the money to put into the ESM in the first place because we must make a contribution. From where will that €11 billion come? We must pay over €1 billion, instantly, once that is set up. We are borrowing money to put into this fund and then we will take it back again.
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