Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Quantitative Easing: Discussion

2:00 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I have several straightforward questions to put to the delegates. For the purposes of getting as clear a picture as possible, I will put myself in the place of Seán or Siobhán Citizen who might be watching these proceedings. My first question relates to the figure of €1.1 trillion.

What percentage of additional currency would that have put into the system? What was the volume of electronic currency in euro in the ECB Central Bank system and how much did the €1.1 trillion add to it? That is my simple question.

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