Dáil
‹ Ceisteanna—Questions. Oral Answers. - European Monetary System. Resource transfers as an EMS criterion
Summary
O’Leary asked whether resource transfers rather than loans would be a prime condition for EMS entry. The Taoiseach said transfers remained the Government’s stated preference and one of its priorities, while other alternatives would be assessed against the request for cash transfers.
Will the Taoiseach state if it would be a prime criterion in the Taoiseach's mind before he gives his consent to entry into the EMS and before the discussion in the House, that it would be a transfer of resources that would be agreed to rather than loans?
Comment on this
Yes. That has been what we are looking for and what we would prefer to get. We will assess the value of any other alternatives in the light of our request for cash transfers.