Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McCarthy:
Who measures? What is done there, Deputy, is twofold. There is a harmonised methodology that is applied across all member states. It is a huge problem for Ireland, for Slovenia, for small member states it is a huge problem. This is a methodology that is designed to fit France and Germany. Unfortunately, it is a one-size-fits-all approach. It does not work for Ireland and I can say that quite definitively.