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Enacted Dáil
No. 35 of 2010

European Financial Stability Facility Bill 2010

Public bill · Government · Presented

The measure would allow Ireland to join the European Financial Stability Facility, guarantee its share of loans to euro-area countries in financial difficulty, and provide up to €7.5 billion from the Central Fund for related costs. It would require the Finance Minister to report regularly to the Dáil on guarantees, payments and repayments, and improve reporting on Ireland’s existing euro-area loan facility.

Formal long title

Bill entitled an Act to facilitate, in the public interest, the financial stability of the European Union and for that purpose—(a) to provide for matters relating to the participation by the State in the European Financial Stability Facility, a public limited company incorporated under the laws of the Grand Duchy of Luxembourg pursuant to an intergovernmental agreement among certain Member States of the European Union consequent on the conclusions of 10 May 2010 of the Council of Economic and Finance Ministers of the European Union regarding the preservation of financial stability in Europe and subject to the terms of the EFSF Framework Agreement entered into by certain Member States on the one part and the European Financial Stability Facility on the other part,(b) to provide for matters relating to guarantees given by the State for the purposes of the Agreement so entered into, (c) to provide for payments to be made out of the Central Fund or the growing produce of that Fund so as to enable effect to be given to the Agreement so entered into,(d) to provide for all receipts received under this Act, including receipts in respect of moneys advanced or guarantees given, to be paid into the Exchequer, (e) to amend the Euro Area Loan Facility Act 2010, and(f) to provide for related matters

Last updated 12 April 2018

Sponsor
  • Minister for Finance Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • European Financial Stability Facility Bill 2010: Second Stage
    Seanad
  • European Financial Stability Facility Bill 2010: Committee and Remaining Stages
    Seanad
  • European Financial Stability Facility Bill 2010: Motion for Earlier Signature
    Seanad
  • European Financial Stability Facility Bill: Second Stage
    Dáil
  • European Financial Stability Facility Bill 2010: Committee and Remaining Stages
    Dáil

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