Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent)
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Thank you, Chairman. Welcome, Mr. Gallagher and you made the point very strongly about Europe leaving Ireland on its own and so on and, indeed, a currency that had been circulated since 1999, only in 2013 was Article 127 of the treaty implemented. Did that propose particular legal challenges for Ireland in ... it was a dangerous area, certainly and that ... did we discard the policies and mechanisms and laws that had ensured there were no bank failures from 1783, Grattan's Parliament and Bank of Ireland, right up to 1999, when this new currency started?