Economic and fiscal council recommended

THE establishment of an independent economic council to advise on future financial projections and fiscal policy, has been proposed by two international banking experts.

The pair, Klaus Regling and Max Watson, were authors of one of this week’s two reports into the causes of Ireland’s banking crisis.

They also appeared before the Joint Oireachtas Committee on Finance and Public Service yesterday. Central Bank chief Patrick Honohan is due before the committee next week, to discuss his own report.