Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Photo of Seán BarrettSeán Barrett (Dún Laoghaire, Fine Gael)
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Mr. Martínez Mongay spoke about the weakness of the pound but what about the weakness of the euro? He has not commented on the disaster that has happened in Italy, one of the largest member states, and the general sense that the euro is under serious threat. We are talking as if the euro is very strong and the only weakness is sterling, but I am surprised no comment has been made about the current situation, namely, the state of matters in Italy and the general lack of confidence in the euro that is creeping in. There does not seem to be anybody, in European terms, making any effort to improve morale in terms of enhancing confidence in our currency. I find this quite extraordinary.