Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
You mentioned in your statement that, "Attempts to influence the flow of external funds into Ireland would have amounted to capital controls which would have been inconsistent with monetary union." That's on page 7 of your statement. So, when interest rates were at 2% and growth rates were at 5%, 6%, 7%, 8% here, did you ever say, for example, in the ECB, ''Look, we need interest rates to be much lower for us''?
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