Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Just a couple of quick points just specifically on the burden-sharing. We had Kevin Cardiff who was here with us and in his opening statement he said about these issues and I quote:
There had even been early indications of a positive hearing from US Treasury Secretary Geithner. We heard back, however, via the IMF team in Dublin, that instead of a positive response, there had been a strong negative reaction from the ECB and from Geithner and others
This was against a background here too where ... Cardiff had said that they were led to believe that Mr. Strauss-Kahn, head of the IMF at the time, was not only in favour of this approach but believed he could and would undertake to persuade other major players in world finance, such as ECB head Trichet and Geithner and others. Would you agree with that?
No comments