Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Klaus Regling:
Yes, certainly it is mainly a national decision, but of course in the euro area what happens in one country has an impact on other countries. That is why the finance Ministers meet every month in Brussels or more often if necessary. The central bankers work together. The supervisors work together. That is the international responsibility, but decisions are taken normally after talking to many others. As I said earlier, sometimes decisions also have to be taken very quickly without all the information one would like to have. Crisis management is not easy.
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