Oireachtas Joint and Select Committees
Wednesday, 17 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
3:20 am
Marc MacSharry (Fianna Fail)
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This follows on from my earlier questioning. Mr. Nyberg said economies must adjust to the constraints of participation in the euro and the ECB. What counter-cyclical measures does Mr. Nyberg feel are adequate to replace the fact that they are unable to control interest rates when crises or potential crises loom?