Noonan talks tough as he demands ECB attends banking inquiry

Noonan talks tough as he demands ECB attends banking inquiry

The Minister for Finance Michael Noonan has called on the ECB to "man up" and take questions at the Oireachtas banking inquiry.

Minister Noonan says its vital that the ECB should take questions about its role in the collapse.

The bank is reluctant to take part in the Oireachtas inquiry, with president Mario Draghi saying that it usually answers to the European Parliament and not to national politicians.

However, Minister Noonan has rejected that statement.

"It's a bit of a cop out to say we have democratic responsibility to the European Parliament," he said.

"They were so involved in this particular issue and there was such a direction of policy from Frankfurt, I think they should man up and appear before the inquiry and answer the questions."

More on this topic

Ming: At least Greece are asking for debt measuresMing: At least Greece are asking for debt measures

Draghi: Ireland's bailout decision 'not that stupid'Draghi: Ireland's bailout decision 'not that stupid'

FF: Trichet letters show Government was left with no choiceFF: Trichet letters show Government was left with no choice

Letter reveals ECB funding 'threat'Letter reveals ECB funding 'threat'


More in this Section

Man dies after being struck near Kildare on M7 last nightMan dies after being struck near Kildare on M7 last night

Warnings of heavy rainfall and damaging gales from Cork to Donegal as Storm Atiyah passesWarnings of heavy rainfall and damaging gales from Cork to Donegal as Storm Atiyah passes

Just in time for Christmas - ONE winner of €6.8m LottoJust in time for Christmas - ONE winner of €6.8m Lotto

Man killed in crash between lorry and carMan killed in crash between lorry and car


Lifestyle

Overshadowed by its giant neighbours it may be, but the smallest of the main Blasket islands, Beginish, is no less impressive in its own right.The Islands of Ireland: The miracle of Beginish

‘The days of our years are threescore years and ten — Psalm 90How to tell an animal’s age in a heartbeat

We often hear how nature will do well, even come back from the brink of extinction, if given a chance and some human help.Birds of prey on the rise

In our country we still have places that bear no evidence of disturbance by man, that are in their pristine state and rich with all the elements that feed the spirit and deliver us into the world beyond the skin of the time and circumstances we live in.Unique ambience of Dursey Island under threat

More From The Irish Examiner