244 Deputy Stephen S. Donnelly asked the Minister for Finance with regard to the European Stability Mechanism and the interest rate it will charge on any lending, his views that the interest rate will be set in order to be an effective deterrent to members from borrowing from the ESM; if he will provide an outline of the expected financing costs of the ESM, as may have been supplied to him in the course of discussions in Europe on the establishment of the ESM; and if he will provide an outline of the expected operating costs of the ESM. [25532/12]

Summary

244 Deputy Stephen S. Donnelly asked the Minister for Finance with regard to the European Stability Mechanism and the interest rate it will charge on any lending, his views that the interest rate will be set in order to be an effective deterrent to members from borrowing from the ESM; if he will provide an outline of the expected financing costs of the ESM, as may have been supplied to him in the course of discussions in Europe on the establishment of the ESM; and if he will provide an outline of the expected operating costs of the ESM. [25532/12]

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• Fiscal Compact Treaty

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