Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Ajai Chopra:

I think I would limit that statement just to the issue of burden-sharing with senior bank creditors. I would not ... I would not widen that too much. But as I also said in my opening remarks this morning, I think there were better ways to deal with this crisis overall for the eurozone. A greater degree of mutualisation of the problems that banks were facing would have been very helpful. Instead, as the issue ... the way it was approached was a co-ordinated mechanism for each country to address its own problems. So I think the issue of greater eurozone solidarity would have been helpful, not just in the Irish context but in the broader eurozone context.

Comments

No comments

Log in or join to post a public comment.