Marco Buti and Dr Donal Donovan to appear before Oireachtas Banking Inquiry

17/02/2015

The Oireachtas Banking Inquiry will hear from Marco Buti, Director-General for Economic and Financial Affair at the European Commission, and Dr Donal Donovan, former deputy director at the International Monetary Fund, as it continues its public hearings, tomorrow, Wednesday, 18th February 2015.

Chairman Ciaran Lynch TD: “Marco Buti has been Director-General for Economic and Financial Affairs at the European Commission since December 2008. The Directorate General for Economic and Financial Affairs is the service in charge of economic policies, monitoring and assessing economic developments in EU Member States, reporting on the findings of its assessments to Member States and initiating specific surveillance procedures for Member States where economic developments move outside or risk moving outside the perimeters laid down in EU legislation.

“Tomorrow, the Committee will consider the European Commission’s role in monitoring the Irish economy in the years prior to the crisis with Mr Buti, focusing on the economic developments in the run-up to the crisis, both international and domestic, and reviewing the Commission’s role in economic surveillance at that time.

“Donal Donovan, is a former deputy director at the International Monetary Fund and a former member of the Irish Fiscal Advisory Council and a media commentator. He will address issues relating to the international, EU and domestic policy context for the banking crisis in Ireland, in particular his perspective on the role played by the IMF in its relationship with the Irish authorities in the years prior to the economic and financial collapse.”

The hearing with Marco Buti starts at 9.30am in Committee 1, Leinster House. The meeting with Dr Donal Donovan will take place at 11.45am.

Committee proceedings can be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.

All media enquiries in relation to the Oireachtas Banking Inquiry should be addressed to:

Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2

P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551

Committee Membership

Deputies

Ciarán Lynch (Chairman)
Pearse Doherty
Joe Higgins
Michael McGrath
Eoghan Murphy
Kieran O’Donnell
John Paul Phelan

Senators

Sean D Barrett
Michael D’Arcy
Marc MacSharry
Susan O’Keeffe