Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
I'm nearly there ... Also last week, Mr. Gleeson made reference to article 14.3 in his opening statement of the ECB statute which says that they can intervene with central banks effectively and direct them how to act, and he seemed to think that interest rates should have been using the Taylor rule between 6% and 12% during the boom years. Have you a view on whether the ECB should have intervened? What should they have done if you do have that view? And, very finally, tomorrow we have the opportunity to speak with Mr. Trichet, the then head of the ECB, and I'd be very interested to know any recommendations you might have about what we might ask him?
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