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Carthy challenges ECB during European Parliament plenary

25 February, 2015 - by Matt Carthy MEP

Speaking today in the European Parliament chamber in Brussels, Sinn Féin MEP for the Midlands North West Matt Carthy has called on the President of the ECB, Mario Draghi to acknowledge the role the ECB played in bailing out Irish Banks and to facilitate the engagement of the ECB with the Oireachtas Banking Inquiry.  Carthy was speaking during a debate, at which Mario Draghi was present, on the European Central Bank 2013 report.

Carthy said:

“2013 was the year during which the Irish Government held Presidency of the EU.

“2013 was also the year where the Central Statistics Office recorded 250 people a day leaving Irish shores.

“This wide spread emigration was as a direct result of the austerity policies championed by the ECB.

“Despite the fact that Ireland makes up 0.9 per cent of the European population and 1.2 per cent of the EU GDP, the Irish people have paid over 42 per cent of the European Banking crisis.

“Every individual in Ireland will pay 9000 euro each. The average that citizens across the EU will pay is a 192 euro per capita.

“I call on you as President of the ECB to acknowledge the role that the ECB played in bailing out the Irish banks.

“It is simply not good enough to continue to abdicate responsibility, the Irish people need and deserve answers.

“An exchange of views, in my view, is nothing more than a glorified wine and cheese reception and is an insult to the Irish people, who have a right to know the full circumstances of the bank bailout.

“I once again reiterate my call for the ECB to fully participate and engage with the Irish Banking Inquiry.”

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