ECB engagement with ECON Committee an absolute minimum – Hayes

Following this morning’s decision by the European Parliament’s ECON Committee to reserve a slot for Irish ECON MEPs to question Mario Draghi at November’s Monetary Dialogue about the Irish banking crisis, Brian Hayes MEP said:

“I note the ECB’s upcoming engagement with the European Parliament’s Economic and Monetary affairs Committee on the Irish banking inquiry. This is an absolute minimum from the ECB.

“The position of the Fine Gael delegation in the European Parliament has always been that the ECB should engage fully with the Irish Banking Inquiry. As a full member of the Economic and Monetary affairs Committee, I welcome the opportunity to question the Mario Draghi about the Irish banking crisis at the Monetary Dialogue with the ECB.”

“Mr. Draghi needs to engage with Irish MEPs in a meaningful and transparent manner. In the interest of accountability, he needs to give a full and frank account  about the ECB’s involvement in the decisions that led to the Irish banking crisis. This is especially the case considering the disturbing evidence given by the former IMF deputy director Ajai Chopra today.”

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