ECB not concerned with banking probe: Honohan

The European Central Bank is not “overly concerned about the Irish situation” and its members have little or no interest in participating in the banking inquiry despite repeated requests for them to do so.

Central Bank governor Patrick Honohan — who is a member of the ECB’s governing council — revealed that its other members had pretty much told him to forget about them having any involvement in the inquiry which is intended to shed some light on events in the lead-up to the banking collapse in 2008.

Mr Honohan, who was appearing in front of the Oireachtas finance committee, said he had chosen to keep out of the issue and initially claimed he had no view as to whether a representative of the ECB should appear before the inquiry or not.