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

Mr. Mario Draghi:

We have seen the Commission proposal. There are different options. Frankly, we do not have a preference among different options. We will have to see the exact details.

Let me add something which does not apply to NAMA as such but applies to the sets of issues that arise from these agencies. These initiatives involving the creation of specialised agencies have taken place in many other countries of the European Union. In our view, that is not the main issue. If it helps, why not? The key is whether this can be done without violating the state aid rules. It always looks quite difficult. However, it is not in our domain.

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