ESM and credit guarantee Bills
Bernard Durkan sought progress on the ESM direct recapitalisation and credit guarantee Bills. The Minister said the first had Cabinet approval and the second’s heads were approved and would go to committee.
The European Stability Mechanism (amendment) Bill is promised legislation to allow for the creation and operation of the ESM's direct recapitalisation instrument. Have the heads been cleared by Cabinet and is it likely to be brought before the House before the end of this session? Have the heads of the credit guarantee (amendment) Bill been cleared and is it likely to be brought before the House?
Comment on this
The first Bill was cleared by Cabinet this week and will be discussed by the end of October. The heads of the credit guarantee (amendment) Bill have been approved and we will bring them to the committee so that it can have an input into the pre-legislative phase.