Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

Can I get clarification on that, because that is not what I was getting at? What I was saying concerned a central bank in a member state, which oversees lending and borrowing in that state, but whose policy proves to be badly founded and grounded and sets the economy on a downward tangent. Is that country or state absolved? I do not believe it is absolved. If that state has complied with the regulations applicable in the state at the particular time, the state is responsible.