Oireachtas Joint and Select Committees

Thursday, 8 November 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

European Monetary Policy: Exchange of Views with Mr. Mario Draghi

3:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The reality is those bondholders should have been burnt and the ECB did not support the Government when a Cabinet decision was taken to burn senior bondholders. It is now the policy of Europe if such an event were to happen that there would be a bail-in of senior bondholders. All the advice was not correct.

Indeed, not everything is great in Ireland. The GDP figures are going well, the recovery is going well, but Michael was the 27th person to die on the streets of our capital city in the past 16 months.

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