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Doherty expresses disappointment at defeat of Philip Lane nomination to ECB Board

19 February, 2018 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has expressed disappointment at the defeat of Philip Lane’s nomination for the position of ECB Vice-President.

Deputy Doherty said:

“I am disappointed at the failure of the campaign to elect Governor Lane.  Ireland‘s representation at the senior level of the ECB is pitiful and has been since the euro was set up.

“In light of Brexit, another chance for the government to cash in actual concrete solidarity from other EU members has passed us by.

“The perception of the ECB as a club dominated by the interests of bigger countries won’t be helped by the appointment of the Spanish appointee over Ireland’s.

“The incredible power of the ECB and its unaccountable nature mean it needs reform, including in how smaller countries are represented.” 

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