Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:10 pm
Professor Patrick Honohan:
I do not think so. While I am not necessarily buying into the particular approach the Deputy is describing, so far as powers are concerned, some colleagues argue we should ask for such and such a power, but in my view, we have extensive powers. The Oireachtas has granted us extensive powers and I know we will use them as necessary. It is a question of getting the right instruction - the instruction that works - rather than whether we have the power to give the instruction.