Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Marco Buti:

No. What we did at the time as we always do and as we do for all member states, is that we have a regular mission, in this case, to Dublin. We talk to the authorities, social partners, financial market analysts and so on, so all of these elements were discussed. I have to say - I repeat myself - this is what we heard at the time, that the focus of surveillance was within the Stability and Growth Pact, essentially Ireland's fiscal policy, and on the overall macro-economic developments. It did not focus on the banking sector in the financial system.

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