Seanad debates
Thursday, 4 November 2021
Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Report and Final Stages
10:30 am
Paul Gavan (Sinn Fein) | Oireachtas source
I want to emphasise just one point. The Minister made a very thoughtful speech on Second Stage in which he contrasted the approach of the EU in the wake of the Covid crisis with the approach associated with the austerity of the preceding decade. I believe he was right, and that is why I do not understand why there has been no change to the financial criteria for accessing the precautionary credit line. It does not make sense. Therefore, the requests made by Senator Higgins are very reasonable. I urge the Minister to accept them.
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