Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

Okay. May I have one more minute, please? On the ECB, it was noted that central banks tend to be secretive. Were I to go up the gears and suggest they were almost sinister, would the witnesses agree? The ECB may have made €5 billion in profit on Irish bonds; we do not know. That is an awful lot of money. Moreover, it has the insider conflict of interest in actually being a counterparty to the negotiations seeking to carry out a restructuring of the debt that will emerge out of the promissory note. Again, this is unbelievable stuff. It is voodoo. It actually is complex, educated, world-establishment voodoo. A lot of these people are meeting today in Davos to continue to have this voodoo effect over the world, while 26 million people are unemployed. I am not a Communist and do not even wish to be a socialist. I want to be a fair human being in a family, the European Union, which has as its primary objective the achievement of a closer union among the members of the family on a mutual basis. My last question is whether the witnesses agree that across the eurozone banks, there may be a €3 trillion problem at a minimum, off and on-balance sheet? In order to solve it, it must be recognised, mutualised and probably perpetualised at a very low interest rate.