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 James ReillyJames Reilly (Fine Gael) | Oireachtas source

Mr. Draghi is very welcome. I thank him, and the EU, in a general way for his support during the Brexit negotiations. I ask him to excuse me as I have to leave shortly to attend a vote in the Chamber but I want to ask a question which other members have put to him and bring the argument beyond what he said in his reply. It refers to the reason we cannot access lower interest rates in Europe for small and medium businesses and mortgage holders. What domestic action would Mr. Draghi advise? He has spoken of harmonisation, so I would prefer it if he did not go down that road. Is there some specific EU action and specific domestic action he could speak to from his knowledge of where we are at in our country?

Like other speakers, I have been to see German-----

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