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
Pearse 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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