Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent)
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Thank you very much, Chairman, and welcome, Mr. Grimes. You state in your opening statement on page 5, in paragraph 3, ''with regard to money and capital flows within the euro area, the Central Bank could not have [been] intervened directly to control such flows''. Could it have intervened indirectly?