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:

No, there are no diktats. Let me say two things. When the Deputy says that the ECB acts in the interests of bankers, just ask them whether they like the low interest rate policy or the monetary policy, or read about that in any German newspaper.

The second point is that the Deputy would like to see the ECB providing unlimited, unconditional, eternal liquidity support, no matter what. That is what he is saying. That is not consistent with our rules.

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