Sinn Féin - On Your Side

Latest Draghi letter highlights the need for those in power to be held to account - Carthy

19 February, 2015 - by Matt Carthy MEP

Sinn Féin MEP for the Midlands North West Constituency Matt Carthy, commenting on a letter which he received from the president of the ECB Mario Draghi dated 17th February in response to a number of questions in relation to the Irish banking crisis, has said that the letter highlights the need for the ECB to be involved in the Oireachtas banking inquiry if the Irish public are to get the answers we deserve.

Carthy stated:

“This letter is a clear attempt by the ECB to distance itself from the decisions which led to the Irish Government nationalising private banking debt.

“Meanwhile, Fianna Fáil still insists that the Irish Government was left with no other choice but to guarantee the banks and enter into a bailout arrangement as a result of the threat of the ECB not to provide emergency funds.

“What we are witnessing here is a merry-go-round whereby both the Irish Government and the ECB each try to shift the blame onto the other, drip feeding information to the public seven years on and trying to avoid responsibility for their part in our banking crisis.

“It is simply not good enough -the Irish people want and need answers. Those in power need to be held to account for the financial decisions which have heaped such hardship on thousands of Irish families.

“In my view, the only way this will be achieved is for both the ECB and the Irish Government to be fully involved in the banking inquiry.

Otherwise, the role of the inquiry to determine the actual sequence of events which contributed to our financial crisis and holding those responsible to account will be made much more difficult, if not impossible."

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