We were pushed into a bailout to save the European Banking System
I would like to see an European Central Bank with democratic control rather than an illusion of Independence, in reality it means it acts to benefit the big banks. @paulmurphy_TD#Dail #rtept pic.twitter.com/fmPfxcA4dk
— Mick Caul (@caulmick) November 8, 2018
Paul Murphy TD grills the European Central Bank’s Mario Draghi over the bailout and his predecessor’s threat to the late Finance Minister Brian Lenihan during an appearance by the ECB chief at a Joint Oireachtas Finance Committee meeting.
The Irish economy has seen a particularly strong expansion in recent years. Ireland is now growing at the fastest pace of any euro area country,” he said.
“Unemployment has been falling too, and now stands well below the euro area average.
“This is all the more impressive given the severe crisis Ireland went through and the legacies it is dealing with, including high private debt and arrears.”
He said policies need to put in place to protect the exchequer and deal with “legacy vulnerabilities” in the system – especially the level of non-performing loans.
@JMcGuinnessTD now confronts ECB about "the honest whistleblower" @WhistleIRL and his disclosures of liquidity issues at Unicredit. "you have to look at the people". He's demanding recognition for Jonathan Sugarman. Fair play. pic.twitter.com/RVDbHFLkZl
— NAMAwinelake (@namawinelake) November 8, 2018