Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Could I ... Thank you. Could I bring up Vol. 2 of the core documents, Chairman, at page 82? This is the notes on an ECOFIN meeting and in the last paragraph you record that:
The Council recalls that it has repeatedly urged the Irish authorities, more recently in its 2000 broad guidelines of the economic policies, to ensure economic stability by means of fiscal policy. The Council regrets that this advice was not reflected in the budget for 2001...
Was that a failure by the Central Bank to influence the Department of Finance in that direction-----
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