MEPs Irish banking crisis dialogue with Draghi ‘a farce’, says Carty

‘I fear responses Irish people require will remain unanswered after the hearing’

Sligo News File Online

It looks that Irish MEPs are being given short shrift in their bid to pull any kind of accountability out of the European Central Bank over its failure to co-operate with the Oireachtas banking enquiry.

Matt Carty, MEP, Sinn Fein, Midlands - North West constituency
Matt Carty, MEP, Sinn Fein, Midlands – North West constituency

It’s “a farce” says Matt Carty, confirming a meeting he and other Irish members of the European Parliament’s Economic and Monetary Affairs are to have with the President of the ECB, Mario Draghi later today.

The Sinn Fein MEP said that following criticism of its failure to work with the banking enquiry, the ECB had stated Draghi would address the issue with Irish MEPs of the EU Parliament’s Economic and Monetary Affairs committee, and “would facilitate a dialogue on matters relating to the Irish banking crisis.”

However, states Carty, “it has now been confirmed that the engagement will simply be the regular Monetary Dialogue with President Draghi whereby MEP’s will be provided with a five-minute slot in which they must put the question and receive a response from the ECB representative.

“…the discussion will not even be focused solely on Ireland as previously indicated.

“In short it is a farcical response on the part of the ECB” and “typical of the EU in its failure to be transparent.”

ECB 1He said, “The ECB, as an EU institution, should be accountable to European citizens including the people of Ireland. Continuing to avoid meaningfully answering questions from democratically elected representatives will simply reaffirm the growing view that the ECB feels it can act outside democratic and legal frameworks.

“As a member of the Economic and Monetary Affairs Committee I will use the limited opportunity to put pertinent questions to Mr. Draghi but unfortunately I fear that the responses that the Irish people require will remain unanswered after the hearing,” he added.