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Draghi responses shows real level of 'Ireland's influence in EU'

17 November, 2014 - by Matt Carthy MEP


Speaking from Brussels today, where he engaged in a monetary dialogue with ECB President Mario Draghi, Sinn Fein MEP Matt Carthy said that responses to questions from Irish representatives showed that EU institutions continued to treat peripheral countries with disdain.

Mr Carthy said:

"At today's meeting of the European Parliament's Economic and Monetary Affairs Committee I asked Mr Draghi four questions following on from the recent release of the correspondence between his predecessor, Jean-Claude Tricet, and former Finance Minister Brian Lenihan.

“He read from a prepared script in reply and failed to respond to the specifics of my questions.  He certainly failed to accept the ECB's role in advance of, and at the time, of the introduction of the Irish bailout.

"In reply to a question from Fine Gael MEP Brian Hayes, Mr Draghi stated that the ECB would not formally participate in the Oireachtas Banking enquiry.  This is not only disappointing, it is unacceptable and shows that the attitude of the ECB has not changed sufficiently since those letters of 2010.

"It also clearly exposes the real level of 'influence' that Ireland has within the EU institutions.  It was obvious that Brian Hayes was expecting a different answer.

“That the ECB can just state that they will refuse to engage in a formal enquiry of a Eurozone member parliament is the result of our state handing over sovereign power without enshrining necessary accountability."

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