Oireachtas Joint and Select Committees

Tuesday, 30 April 2013

Joint Oireachtas Committee on European Union Affairs

Economic and Monetary Union: Discussion (Resumed) with Central Bank

2:30 pm

Ms Phil Prendergast:

I understand. One of the problems is the strict conditionality imposed by the ECB. We do not have equally forceful measures to force investment or lending by the private banking sector to small and medium enterprises. It seems the seesaw is skewed very much to one side and there is an imbalance or a disproportionate response for particular lending to SMEs.