Dáil Éireann Debate, Tuesday - 20 June 2017
207. Deputy Stephen S. Donnelly asked the Minister for Finance if he will report on the agreement to provide a precautionary lending plan for the State through the European Investment Bank; and if he will make a statement on the matter. [26555/17]
Amharc ar fhreagraFrom the outset, I should make absolutely clear that Ireland does not have, nor has sought, a precautionary lending plan from any international body.
The Deputy may be referring to references to a possible precautionary line of credit through the European Stability Mechanism (ESM) at the time of our exit from the EU-IMF Programme of Assistance at the end of 2013. Again, Ireland did not request such a facility and made it clear at the time that we did not need or want it. Indeed the existence of such a facility could have negatively impacted on our successful return to the Bond markets in 2014.
