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 Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

I respect Mr. Draghi's honesty about our quasi-monopoly in terms of our pillar banks. Does he see any way in which we can increase competition? Is it all about integration and making the rules more equal across the eurozone? Currently, we do not have the ability to source a mortgage in Germany or France where interest rates are much cheaper. Does Mr. Draghi see that as a possibility? How can we help dismantle those barriers so that I can source a mortgage in Germany or France to buy a house in Ireland?

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