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Sinn Féin pressure secures positive movement from ECB on Banking Inquiry – Matt Carthy MEP

22 January, 2015 - by Matt Carthy MEP


Sinn Féin MEP for the Midlands North West and member of the ECON Committee, Matt Carthy has welcomed signals from the European Central Bank (ECB) that it will cooperate with the Oireachtas Banking Inquiry.

Mr Carthy said;

“The pressure put on the ECB by the Sinn Féin MEP team, to respond positively to requests from the Oireachtas Banking Inquiry, has finally produced positive movement.

“I fully believe that this would not have happened if Sinn Féin had not been so resolute, both domestically and in the European Parliament, on the absolute necessity of the ECB cooperating.

“For example, I have coordinated a number of questions from our MEPs to the ECB to ascertain the legal situation and challenge their initial refusal to attend.

“The Sinn Féin leadership in the Dáil has also clearly been successful in forcing the Taoiseach to seek a commitment of cooperation from the ECB with the inquiry.

“Recently, Sinn Féin Deputy Leader Mary Lou McDonald demanded that Mr Kenny stop crawling to ECB officials after they had stated that the institution would not be cooperating with inquiry.

“Deputy McDonald called the Taoiseach out on his indifferent approach to the intransigence of the ECB’s position in relation to inquiry,

“Sinn Féin’s refusal to allow the ECB and the Taoiseach to shirk their obligations has been central in producing this turn in position.

“We welcome this movement from the ECB.

“Ideally, we want the former ECB President Jean-Claude Trichet and his successor Mario Draghi to come before the inquiry.

“However, we are glad to see that other options are being discussed should their appearance prove to be impossible due to legal issues.

“The most important matter is that evidence from the ECB is made available for use by the inquiry.”

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