Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Marco Buti:

When we issue recommendations, we do not come out of the blue and just publish in the Official Journal a piece of paper. When the Commission issues a recommendation, we have discussions in the committee where the Irish officials are present and they make legitimately their point, as do all the other member states. Then there is discussion in the Council where Government is present at the level of Ministers, and from the Commissioner viewpoint, there was Mr. Solbes, who was then the Commissioner in charge. This is the process through which a recommendation is issued. There is a recommendation and the Council adopts it, and in all this process there are discussions which are informal or formal in each of the fora.

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