167 Deputy Stephen S. Donnelly asked the Minister for Finance with regard to the treaty establishing the European stability mechanism, if it is the case that the greater legal status of article three over recital five would mean that, if Ireland needed to draw on the ESM for funding after the end of the current troika programme, the ESM would be unable, or unlikely, to refuse it, as this would likely undermine the financial stability of the euro area as a whole and of its member states, in contravention of article three. [22012/12]

Summary

167 Deputy Stephen S. Donnelly asked the Minister for Finance with regard to the treaty establishing the European stability mechanism, if it is the case that the greater legal status of article three over recital five would mean that, if Ireland needed to draw on the ESM for funding after the end of the current troika programme, the ESM would be unable, or unlikely, to refuse it, as this would likely undermine the financial stability of the euro area as a whole and of its member states, in contravention of article three. [22012/12]

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