Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

I ... only to say that I would like to thank you, institutionally but also personally, for the invitation. I think we have as European Commission accepted very gladly your invitation to come here. I have been ... I've tried to be as ... let's say, as open and transparent as possible for what I know. I've told you everything I know following your questions. I think ... I hope this is appreciated also institutionally by the committee. I think this ... you're doing an important job.

I think my final word is the perspective should be if one looks at the experience with this programme, what could have been done better. Possibly that is the perspective but in the acknowledgement that the programme was by all standards a success. And I take the example of other Community programmes within the euro area and with the EU and I take the standard also of other IMF-only programmes outside Europe. So from that viewpoint, I think the programme is a success. Then one can look at the data and here and there certain things could have been done but I think we have learned a lot from this experience of this programme but overall, I think we are confident that should the economic policy of Ireland continue to be anchored to stability, reforms, growth, fiscal prudence, that the future of Ireland is bright.

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