Seanad debates

Thursday, 6 October 2011

1:00 pm

Photo of Caít KeaneCaít Keane (Fine Gael)

With regard to the Central Bank keeping an eye on its money, and we are all aware of its abysmal record in not preventing the economic meltdown, recently it advertised online - where very few people would see it - for consultants to upgrade its offices. Does the Minister know about this? How much will it cost? Is it necessary given all the offices which are vacant? We know that if one watches the pennies, the pounds will look after themselves. We know how the Central Bank did not keep an eye on our money, and it looks as though it has not learned a lesson. When it was asked how much this work, which will take a few years, will cost, the Central Bank answered that it did not know the scale or value of the framework. It did not know the scale or value of the economic meltdown. If it does not know the scale or value of what it proposes to spend itself, how can we trust it to handle our finances? The Minister may not know the answer to this today but I ask him to please inquire and inform the House.

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