Stephen Donnelly (Wicklow, Fianna Fail)
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207. To ask the Minister for Finance if he will report on the agreement to provide a precautionary lending plan for the State through the European Investment Bank; and if he will make a statement on the matter. [26555/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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From the outset, I should make absolutely clear that Ireland does not have, nor has sought, a precautionary lending plan from any international body. 

The Deputy may be referring to references to a possible precautionary line of credit through the European Stability Mechanism (ESM) at the time of our exit from the EU-IMF Programme of Assistance at the end of 2013. Again, Ireland did not request such a facility and made it clear at the time that we did not need or want it. Indeed the existence of such a facility could have negatively impacted on our successful return to the Bond markets in 2014.