Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Derek Moran:
The one thing about rules is they're there to be gamed and the real risk is a political risk. What happens when a major European country gets themselves in trouble? How sustainable are they? And I think it's much more difficult for them to influence it, but I do ... as I say, you're now guilty until you're proven innocent. You know, you need a reverse QMV to get out, to reverse it, but I'm not ... I've been around long enough to know that these things will evolve and not always evolve in the right direction.
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