Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

I think, I'm not particularly ... aware, in particular, of this episode ... I have not directly read it myself, as you have done. I think it is ... I don't see that as unprecedented or particularly problematic. I think the ECB has, let's say, its own responsibilities in this. It is worried about the state of the financial system and, more generally, for its implication for monetary policy. And the ECB is also fully aware that a number of other elements on the fiscal and on the structural side, affect this. So, I don't think it is particularly problematic that there would be a suggestion of that sort.

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