The preamble to the ESM agreement states that it enjoys seniority status for loans granted to EU governments. This means that borrowing states must pay back ESM loans before any other creditor commitments.
However, the seniority clause was not included in the body of the agreement itself when Parliament voted to support the ESM last month.
Soini told Yle he wants Parliament to revisit the vote, since he says lawmakers did not have sufficient information for the vote.
“Now the debate is about what the form of the ESM agreement means. The seniority of bailout loans is mentioned in the preamble to the agreement, but not in the agreement itself. This is an extremely hot potato in internal politics,” Soini declared.
The Finns Party chair said that it is critical to have the matter settled before the autumn, and if necessary to revisit the vote.
“It would be appropriate for the Chancellor of Justice were to take this on board on his own initiative. He is after all the government’s chancellor of justice. If it’s found that there have been deficiencies in the procedure, then the ESM agreement must be dealt with in Parliament once more,” Soini charged.
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